American Century Companies Inc. Sells 4,453 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

American Century Companies Inc. trimmed its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 14.8% during the second quarter, Holdings Channel reports. The institutional investor owned 25,677 shares of the financial services provider’s stock after selling 4,453 shares during the quarter. American Century Companies Inc.’s holdings in Atlanta Braves were worth $1,013,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 2,342,671 shares of the financial services provider’s stock valued at $91,505,000 after purchasing an additional 53,272 shares during the last quarter. Broad Bay Capital Management LP increased its holdings in Atlanta Braves by 17.4% during the fourth quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock worth $80,102,000 after buying an additional 300,000 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Atlanta Braves by 1.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,461,503 shares of the financial services provider’s stock worth $57,846,000 after buying an additional 26,768 shares during the last quarter. Gabelli Funds LLC increased its holdings in Atlanta Braves by 2.7% during the first quarter. Gabelli Funds LLC now owns 1,323,266 shares of the financial services provider’s stock worth $51,687,000 after buying an additional 34,419 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Atlanta Braves by 6.0% during the fourth quarter. Wellington Management Group LLP now owns 1,129,382 shares of the financial services provider’s stock worth $44,701,000 after buying an additional 63,579 shares during the last quarter. 64.88% of the stock is owned by institutional investors.

Atlanta Braves Trading Down 1.3 %

BATRK stock opened at $39.80 on Tuesday. Atlanta Braves Holdings, Inc. has a 12 month low of $33.95 and a 12 month high of $44.42. The firm has a market capitalization of $2.02 billion, a P/E ratio of -20.16 and a beta of 0.72. The firm has a 50 day moving average of $42.00 and a 200-day moving average of $40.18.

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

Analyst Ratings Changes

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

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.