Y Intercept Hong Kong Ltd Sells 31,088 Shares of Atlanta Braves Holdings, Inc. $BATRK

Y Intercept Hong Kong Ltd cut its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 44.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,885 shares of the financial services provider’s stock after selling 31,088 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.06% of Atlanta Braves worth $1,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Atlanta Braves by 21.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 20,193 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 3,562 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Atlanta Braves by 6.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,603 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 428 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Atlanta Braves in the 3rd quarter worth approximately $28,000. First Horizon Corp acquired a new position in shares of Atlanta Braves in the 3rd quarter worth approximately $30,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Atlanta Braves in the 3rd quarter valued at $82,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analyst Ratings Changes

BATRK has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, December 29th. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $69.00 target price on shares of Atlanta Braves in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Atlanta Braves Trading Up 1.4%

BATRK opened at $40.03 on Friday. The company has a fifty day moving average price of $39.50 and a two-hundred day moving average price of $41.27. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18. The company has a market cap of $2.07 billion, a P/E ratio of -1,000.50 and a beta of 0.62.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.24 by $0.23. The firm had revenue of $311.54 million during the quarter, compared to analyst estimates of $309.06 million. On average, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 4,631 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average price of $41.99 per share, for a total transaction of $194,455.69. Following the completion of the acquisition, the insider directly owned 484,603 shares in the company, valued at $20,348,479.97. The trade was a 0.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased a total of 66,396 shares of company stock valued at $2,786,825 over the last ninety days. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.