640 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Bought by Whittier Trust Co.

Whittier Trust Co. bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the second quarter, according to its most recent filing with the SEC. The firm bought 640 shares of the financial services provider’s stock, valued at approximately $26,000.

Several other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC increased its position in Atlanta Braves by 0.5% in the 4th quarter. Gabelli Funds LLC now owns 831,200 shares of the financial services provider’s stock worth $35,559,000 after buying an additional 4,000 shares during the period. Vanguard Group Inc. grew its stake in shares of Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock worth $25,496,000 after acquiring an additional 13,486 shares during the last quarter. Chickasaw Capital Management LLC increased its position in Atlanta Braves by 2.9% during the first quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock worth $2,719,000 after acquiring an additional 1,825 shares during the period. Aurora Investment Counsel raised its stake in Atlanta Braves by 1.6% during the 1st quarter. Aurora Investment Counsel now owns 40,778 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 653 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Atlanta Braves by 13.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,224 shares of the financial services provider’s stock valued at $1,456,000 after purchasing an additional 4,071 shares during the period. Institutional investors own 12.31% of the company’s stock.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the purchase, the insider now directly owns 7,550 shares in the company, valued at approximately $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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.

Atlanta Braves Price Performance

Shares of BATRA stock opened at $45.60 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $36.78 and a 12 month high of $46.65. The company has a market capitalization of $2.82 billion and a P/E ratio of -22.80. The stock has a 50 day moving average of $44.20 and a two-hundred day moving average of $42.46. 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 Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. The business had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same period in the prior year, the company posted ($0.55) earnings per share. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.69 EPS 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.