Renaissance Technologies LLC Sells 73,241 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Renaissance Technologies LLC trimmed its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 463,507 shares of the financial services provider’s stock after selling 73,241 shares during the period. Renaissance Technologies LLC owned about 0.92% of Atlanta Braves worth $18,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BATRK. Weik Capital Management raised its position in Atlanta Braves by 10.7% in the 2nd quarter. Weik Capital Management now owns 10,350 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 1,000 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in shares of Atlanta Braves by 0.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 209,686 shares of the financial services provider’s stock worth $8,270,000 after buying an additional 1,493 shares during the period. Parthenon LLC lifted its stake in shares of Atlanta Braves by 8.4% in the 2nd quarter. Parthenon LLC now owns 86,440 shares of the financial services provider’s stock valued at $3,409,000 after acquiring an additional 6,686 shares during the last quarter. Hahn Capital Management LLC boosted its holdings in Atlanta Braves by 33.7% during the 2nd quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 495 shares during the period. Finally, Boyar Asset Management Inc. grew its position in Atlanta Braves by 19.4% during the 2nd quarter. Boyar Asset Management Inc. now owns 52,335 shares of the financial services provider’s stock worth $2,064,000 after acquiring an additional 8,495 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Analysts Set New Price Targets

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

Atlanta Braves Trading Down 0.9 %

BATRK stock opened at $41.25 on Friday. The firm’s 50-day moving average price is $42.25 and its two-hundred day moving average price is $40.09. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -20.63 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.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (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 analysts’ expectations of $288.20 million. During the same quarter in the prior year, the firm earned ($0.55) EPS. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.31 EPS for the current year.

Insider Activity at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average cost of $39.96 per share, with a total value of $79,920.00. Following the transaction, the insider now owns 7,550 shares in the company, valued at approximately $301,698. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.43% of the stock is owned by corporate insiders.

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.