State of New Jersey Common Pension Fund D Sells 22,222 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

State of New Jersey Common Pension Fund D trimmed its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 32.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,415 shares of the financial services provider’s stock after selling 22,222 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Atlanta Braves worth $1,831,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Atlanta Braves by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 341 shares in the last quarter. Hahn Capital Management LLC grew its position in Atlanta Braves by 33.7% in the 2nd quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 583 shares during the last quarter. Redmont Wealth Advisors LLC boosted its stake in Atlanta Braves by 4.2% in the first quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 614 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Atlanta Braves by 8.5% in the first quarter. ProShare Advisors LLC now owns 8,186 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 644 shares during the last quarter. 64.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Rosenblatt Securities dropped their target price on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

Atlanta Braves Stock Down 0.8 %

BATRK opened at $40.91 on Tuesday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -20.46 and a beta of 0.72. Atlanta Braves Holdings, Inc. has a twelve month low of $33.95 and a twelve month high of $44.42. The company’s 50-day moving average price is $42.22 and its two-hundred day moving average price is $40.12.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $288.20 million. During the same quarter in the previous year, the company posted ($0.55) earnings per share. As a group, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.31 earnings per share for the current 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.