8,600 Shares in Atlanta Braves Holdings, Inc. $BATRA Bought by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has made a new investment of $377,000 in Atlanta Braves Holdings, acquiring 8,600 shares in the first quarter.
• Atlanta Braves Holdings reported an EPS of $0.46 for the last quarter, exceeding expectations, with revenues of $312.44 million.
• Insider activity includes major shareholder Mario J. Gabelli increasing his stake by 6.05% after buying shares, while an executive sold a significant portion of their holdings.

Atria Wealth Solutions Inc. acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,600 shares of the financial services provider's stock, valued at approximately $377,000.

A number of other institutional investors have also recently bought and sold shares of BATRA. Levin Capital Strategies L.P. bought a new stake in Atlanta Braves during the first quarter worth about $329,000. PNC Financial Services Group Inc. grew its position in shares of Atlanta Braves by 52.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,283 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 788 shares during the period. GSA Capital Partners LLP acquired a new position in Atlanta Braves during the first quarter worth approximately $900,000. Hudson Value Partners LLC bought a new stake in Atlanta Braves in the 1st quarter valued at $3,830,000. Finally, Congress Park Capital LLC bought a new position in shares of Atlanta Braves in the first quarter valued at about $965,000. Institutional investors and hedge funds own 12.31% of the company's stock.

Insiders Place Their Bets

In related news, EVP Michael P. Plant sold 69,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the transaction, the executive vice president directly owned 205,593 shares of the company's stock, valued at approximately $8,840,499. This trade represents a 25.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Derek Gordon Schiller sold 72,505 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $3,117,715.00. Following the transaction, the executive vice president owned 300,233 shares in the company, valued at $12,910,019. The trade was a 19.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,605 shares of company stock valued at $9,214,527 in the last quarter. Corporate insiders own 5.90% of the company's stock.

Atlanta Braves Stock Performance

NASDAQ BATRA traded up $0.26 during trading on Tuesday, hitting $46.54. 3,024 shares of the company's stock traded hands, compared to its average volume of 54,368. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of -132.97 and a beta of 0.68. Atlanta Braves Holdings, Inc. has a 12-month low of $38.67 and a 12-month high of $50.50. The business has a 50 day moving average of $48.06 and a 200-day moving average of $44.98.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12. The company had revenue of $312.44 million during the quarter, compared to analysts' expectations of $295.86 million. Atlanta Braves had a negative return on equity of 3.98% and a negative net margin of 2.99%. As a group, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup began coverage on Atlanta Braves in a research report on Friday, June 13th. They issued a "neutral" rating and a $45.00 price target on the stock.

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.