The Manufacturers Life Insurance Company Sells 665 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

The Manufacturers Life Insurance Company reduced its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,116 shares of the financial services provider’s stock after selling 665 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Atlanta Braves were worth $216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BATRA. Nisa Investment Advisors LLC increased its stake in shares of Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Atlanta Braves by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 35,224 shares of the financial services provider’s stock worth $1,456,000 after buying an additional 4,071 shares during the period. Whittier Trust Co. purchased a new position in shares of Atlanta Braves during the 2nd quarter valued at about $26,000. Rhumbline Advisers grew its stake in shares of Atlanta Braves by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 17,139 shares of the financial services provider’s stock valued at $708,000 after acquiring an additional 1,254 shares during the period. Finally, Quest Partners LLC purchased a new stake in Atlanta Braves in the 2nd quarter worth approximately $135,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA opened at $41.52 on Tuesday. The company has a market capitalization of $2.57 billion, a P/E ratio of -56.88 and a beta of 0.80. Atlanta Braves Holdings, Inc. has a 1-year low of $39.67 and a 1-year high of $46.65. The firm’s 50 day simple moving average is $42.38 and its two-hundred day simple moving average is $43.10. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70.

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.