Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 812,627 shares of the financial services provider’s stock after selling 6,254 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Atlanta Braves were worth $32,049,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BATRK. Quent Capital LLC grew its holdings in shares of Atlanta Braves by 568.4% during the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after buying an additional 1,404 shares in the last quarter. Hahn Capital Management LLC grew its stake 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 acquiring an additional 495 shares during the period. nVerses Capital LLC acquired a new position in Atlanta Braves in the 2nd quarter valued at $95,000. Brown Brothers Harriman & Co. lifted its stake in shares of Atlanta Braves by 31.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 583 shares during the period. Finally, Mango Investments LLC acquired a new stake in shares of Atlanta Braves during the fourth quarter worth $107,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Stock Performance

BATRK opened at $39.49 on Wednesday. Atlanta Braves Holdings, Inc. has a 1 year low of $33.95 and a 1 year high of $44.42. The company’s 50 day simple moving average is $41.94 and its 200 day simple moving average is $40.19. The stock has a market capitalization of $2.00 billion, a PE ratio of -19.75 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (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 firm earned ($0.55) earnings per share. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.