Focus Partners Wealth Trims Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Focus Partners Wealth reduced its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,828 shares of the financial services provider’s stock after selling 424 shares during the quarter. Focus Partners Wealth’s holdings in Atlanta Braves were worth $4,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BATRA. Proficio Capital Partners LLC purchased a new position in shares of Atlanta Braves during the 4th quarter valued at approximately $901,000. Gamco Investors INC. ET AL raised its position in shares of Atlanta Braves by 1.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock valued at $92,257,000 after acquiring an additional 21,955 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Atlanta Braves by 69.0% during the 4th quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider’s stock valued at $2,039,000 after acquiring an additional 20,399 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Atlanta Braves by 7.7% during the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider’s stock valued at $11,595,000 after acquiring an additional 20,200 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 12,775 shares in the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Stock Performance

BATRA stock opened at $44.32 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.74 billion, a P/E ratio of -60.71 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 12-month low of $38.67 and a 12-month high of $46.65. The stock’s 50 day simple moving average is $42.94 and its 200 day simple moving average is $42.36.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.94) by $0.28. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. As a group, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder John C. Malone bought 2,760 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the transaction, the insider now directly owns 214,118 shares of the company’s stock, valued at approximately $8,990,814.82. This represents a 1.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 122,632 shares of company stock valued at $5,072,723 over the last three months. Company insiders own 4.83% of the company’s stock.

Atlanta Braves Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.