Northern Trust Corp Decreases Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Northern Trust Corp lowered its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,506 shares of the financial services provider’s stock after selling 12,440 shares during the period. Northern Trust Corp’s holdings in Atlanta Braves were worth $18,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC increased its position in Atlanta Braves by 160.3% in the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after buying an additional 50,702 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Atlanta Braves by 123.0% in the 3rd 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 during the period. Magnetar Financial LLC boosted its position in Atlanta Braves by 161.9% during the fourth quarter. Magnetar Financial LLC now owns 13,328 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 8,239 shares during the period. Rhumbline Advisers boosted its position in Atlanta Braves by 16.8% during the fourth quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider’s stock worth $3,070,000 after purchasing an additional 11,554 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Atlanta Braves in the fourth quarter worth about $337,000. Institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

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

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK opened at $41.38 on Wednesday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.43. The stock has a market cap of $2.12 billion, a PE ratio of -56.68 and a beta of 0.56. The stock has a fifty day moving average of $39.16 and a 200-day moving average of $39.24.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million during the quarter, compared to the consensus estimate of $36.87 million. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone acquired 38,452 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of $40.28 per share, for a total transaction of $1,548,846.56. Following the completion of the transaction, the insider now owns 254,428 shares of the company’s stock, valued at approximately $10,248,359.84. This represents a 17.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders bought 122,632 shares of company stock worth $5,072,723. 11.43% of the stock is owned by company insiders.

About Atlanta Braves

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.