Bank of New York Mellon Corp Sells 781 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Bank of New York Mellon Corp lowered its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,838 shares of the financial services provider’s stock after selling 781 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.28% of Atlanta Braves worth $5,350,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Atlanta Braves during the 4th quarter worth approximately $41,000. Quest Partners LLC raised its stake in shares of Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares in the last quarter. ABC Arbitrage SA acquired a new position in Atlanta Braves during the 4th quarter valued at approximately $204,000. Quantinno Capital Management LP acquired a new position in Atlanta Braves during the 3rd quarter valued at approximately $205,000. Finally, FORA Capital LLC acquired a new position in Atlanta Braves during the 3rd quarter valued at approximately $211,000. Institutional investors own 64.88% of the company’s stock.

Insider Activity

In other news, major shareholder John C. Malone purchased 15,192 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was acquired at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the acquisition, the insider now directly owns 146,020 shares of the company’s stock, valued at approximately $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 47,692 shares of company stock worth $1,980,287 over the last three months. Insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Atlanta Braves to a “sell” rating in a research note on Friday, February 28th.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK opened at $38.98 on Tuesday. The company’s fifty day moving average price is $38.87 and its 200 day moving average price is $39.62. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.43. The company has a market capitalization of $2.00 billion, a PE ratio of -53.40 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Atlanta Braves Company 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.