Highbridge Capital Management LLC Lowers Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Highbridge Capital Management LLC reduced its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 8.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,925 shares of the financial services provider’s stock after selling 10,700 shares during the period. Highbridge Capital Management LLC owned approximately 0.23% of Atlanta Braves worth $4,690,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC increased its stake in Atlanta Braves by 568.4% in the 1st quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 1,404 shares during the last quarter. Hahn Capital Management LLC increased its position in shares of Atlanta Braves by 33.7% in the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 495 shares during the last quarter. nVerses Capital LLC purchased a new stake in Atlanta Braves in the second quarter valued at approximately $95,000. Brown Brothers Harriman & Co. lifted its position in Atlanta Braves by 31.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 583 shares during the last quarter. Finally, Mango Investments LLC purchased a new position in Atlanta Braves in the 4th quarter worth approximately $107,000. Institutional investors own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities lowered their price objective on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the transaction, the insider now directly owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.43% of the stock is owned by corporate insiders.

Atlanta Braves Trading Up 0.3 %

Shares of Atlanta Braves stock opened at $41.06 on Thursday. The firm has a market capitalization of $2.08 billion, a PE ratio of -20.53 and a beta of 0.72. Atlanta Braves Holdings, Inc. has a 12 month low of $33.95 and a 12 month high of $44.42. The business’s 50-day moving average price is $42.26 and its 200-day moving average price is $40.05.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $282.88 million for the quarter, compared to the consensus estimate of $288.20 million. During the same quarter in the previous year, the business earned ($0.55) earnings per share. As a group, analysts predict that Atlanta Braves Holdings, Inc. will post -0.31 earnings per share for the current fiscal year.

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.