Intech Investment Management LLC Makes New $243,000 Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Intech Investment Management LLC bought a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,949 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other institutional investors also recently modified their holdings of BATRA. PNC Financial Services Group Inc. boosted its stake in Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 914 shares during the period. R Squared Ltd purchased a new stake in shares of Atlanta Braves in the fourth quarter worth about $96,000. Brown Brothers Harriman & Co. boosted its position in shares of Atlanta Braves by 460.9% in the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 2,180 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Atlanta Braves during the third quarter valued at approximately $133,000. Finally, SG Americas Securities LLC increased its holdings in Atlanta Braves by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 959 shares during the period. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Stock Performance

NASDAQ:BATRA opened at $44.09 on Thursday. The business’s 50-day moving average price is $42.91 and its two-hundred day moving average price is $42.32. The stock has a market cap of $2.73 billion, a P/E ratio of -60.40 and a beta of 0.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a twelve month low of $38.90 and a twelve month high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. As a group, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction on Monday, January 27th. The stock was acquired at an average price of $41.94 per share, with a total value of $213,642.36. Following the transaction, the insider now directly owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders bought 47,692 shares of company stock valued at $1,980,287 in the last quarter. Company insiders own 4.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Atlanta Braves in a report on Thursday, February 27th.

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.