Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys $79,920.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the stock in a transaction dated Monday, June 24th. The stock was bought at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the purchase, the insider now owns 7,550 shares of the company’s stock, valued at approximately $301,698. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

Shares of BATRA stock opened at $40.55 on Thursday. Atlanta Braves Holdings, Inc. has a 12 month low of $36.78 and a 12 month high of $54.94. The company has a market capitalization of $2.51 billion and a P/E ratio of -20.28. The stock has a 50 day moving average of $41.31 and a two-hundred day moving average of $41.89. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.31.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.19). The firm had revenue of $37.08 million during the quarter, compared to the consensus estimate of $39.63 million. Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.69 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $54.00 price objective on shares of Atlanta Braves in a report on Thursday, May 16th.

Institutional Trading of Atlanta Braves

Several institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd grew its position in Atlanta Braves by 1.9% in the third quarter. Qube Research & Technologies Ltd now owns 51,799 shares of the financial services provider’s stock valued at $2,024,000 after acquiring an additional 974 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Atlanta Braves in the 4th quarter worth about $355,000. Sapient Capital LLC acquired a new stake in shares of Atlanta Braves during the 4th quarter worth about $490,000. Chickasaw Capital Management LLC lifted its holdings in Atlanta Braves by 2.9% during the 1st quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock valued at $2,719,000 after purchasing an additional 1,825 shares during the last quarter. Finally, Roundview Capital LLC acquired a new position in Atlanta Braves in the third quarter valued at about $7,344,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

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.