Marshall Wace LLP Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Marshall Wace LLP purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 5,337 shares of the financial services provider’s stock, valued at approximately $221,000.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Atlanta Braves in the second quarter valued at approximately $26,000. Nisa Investment Advisors LLC increased its stake in Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after buying an additional 600 shares during the last quarter. Quent Capital LLC lifted its position in Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after buying an additional 627 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Atlanta Braves during the 2nd quarter worth about $135,000. Finally, Wedbush Securities Inc. bought a new position in shares of Atlanta Braves in the 2nd quarter valued at about $209,000. 12.31% of the stock is currently owned by institutional investors.

Atlanta Braves Price Performance

NASDAQ:BATRA opened at $41.69 on Friday. The stock’s 50-day simple moving average is $43.88 and its 200 day simple moving average is $42.75. Atlanta Braves Holdings, Inc. has a 52-week low of $36.78 and a 52-week high of $46.65. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $2.58 billion, a P/E ratio of -20.85 and a beta of 0.88.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same quarter in the prior year, the business posted ($0.55) EPS. As a group, sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current fiscal 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.