Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock Position Reduced by Diversify Wealth Management LLC

Diversify Wealth Management LLC trimmed its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,608 shares of the financial services provider’s stock after selling 667 shares during the quarter. Diversify Wealth Management LLC’s holdings in Atlanta Braves were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BATRK. Aristeia Capital L.L.C. lifted its holdings in Atlanta Braves by 42.9% in the second quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider’s stock worth $52,119,000 after acquiring an additional 396,720 shares during the last quarter. Schwartz Investment Counsel Inc. grew its stake in Atlanta Braves by 54.6% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider’s stock worth $21,387,000 after buying an additional 191,478 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Atlanta Braves by 289.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 178,300 shares of the financial services provider’s stock worth $7,032,000 after acquiring an additional 132,520 shares during the period. Vanguard Group Inc. grew its position in Atlanta Braves by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,342,671 shares of the financial services provider’s stock worth $91,505,000 after purchasing an additional 53,272 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Atlanta Braves by 30,140.2% in the second quarter. Quarry LP now owns 51,106 shares of the financial services provider’s stock valued at $2,016,000 after purchasing an additional 50,937 shares during the period. 64.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reduced their price objective on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK opened at $40.21 on Friday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -40.62 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $44.42. The company has a 50 day moving average price of $40.67 and a 200 day moving average price of $40.37.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $288.20 million. During the same period in the prior year, the company earned ($0.55) earnings per share. On average, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.44 EPS for the current fiscal year.

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.