Atlanta Braves Holdings, Inc. $BATRK Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,576 shares of the financial services provider’s stock after selling 365 shares during the quarter. Corebridge Financial Inc.’s holdings in Atlanta Braves were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BATRK. CWM LLC boosted its position in shares of Atlanta Braves by 56.4% during the 1st quarter. CWM LLC now owns 824 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 297 shares during the last quarter. Comerica Bank boosted its position in shares of Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 319 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Atlanta Braves during the 1st quarter valued at about $60,000. Versant Capital Management Inc lifted its position in Atlanta Braves by 335.7% in the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,400 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Atlanta Braves in the first quarter valued at about $84,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK opened at $42.36 on Friday. The firm has a market capitalization of $2.66 billion, a PE ratio of -121.03 and a beta of 0.67. The firm’s 50-day moving average is $45.13 and its two-hundred day moving average is $42.01. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $47.18.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.18). The business had revenue of $312.44 million for the quarter, compared to the consensus estimate of $296.36 million. Analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 30,000 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the sale, the executive vice president directly owned 300,233 shares in the company, valued at $13,660,601.50. This represents a 9.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Plant sold 69,000 shares of the business’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the sale, the executive vice president owned 205,593 shares in the company, valued at $8,840,499. This trade represents a 25.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,605 shares of company stock worth $9,214,527 over the last quarter. Insiders own 11.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BATRK shares. Citigroup raised shares of Atlanta Braves to a “hold” rating and set a $45.00 target price on the stock in a research report on Friday, June 13th. Rosenblatt Securities upped their target price on shares of Atlanta Braves from $52.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, June 20th. Finally, Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

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.