Corebridge Financial Inc. Sells 1,883 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Corebridge Financial Inc. trimmed its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,941 shares of the financial services provider’s stock after selling 1,883 shares during the quarter. Corebridge Financial Inc.’s holdings in Atlanta Braves were worth $954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Atlanta Braves by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 433,466 shares of the financial services provider’s stock worth $16,584,000 after purchasing an additional 4,072 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Atlanta Braves by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock worth $12,216,000 after buying an additional 3,874 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Atlanta Braves by 85.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock worth $10,075,000 after buying an additional 121,360 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Atlanta Braves during the fourth quarter valued at approximately $6,736,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Atlanta Braves by 123.0% during the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after acquiring an additional 92,248 shares in the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Price Performance

Shares of NASDAQ BATRK opened at $37.25 on Friday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.43. The stock has a market capitalization of $1.91 billion, a P/E ratio of -51.03 and a beta of 0.56. The company’s 50-day moving average is $39.56 and its 200 day moving average is $39.48.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder John C. Malone bought 5,094 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $41.94 per share, with a total value of $213,642.36. Following the completion of the acquisition, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders bought 47,692 shares of company stock worth $1,980,287. 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.