Congress Park Capital LLC Has $1.85 Million Stake in Atlanta Braves Holdings, Inc. $BATRA

Key Points

• Congress Park Capital LLC increased its stake in Atlanta Braves Holdings, Inc. by 70.6% during the second quarter, owning about $1.85 million worth of stock at the end of the reporting period.
• Atlanta Braves reported a quarterly EPS of $0.46, surpassing expectations, with revenues of $312.44 million against an estimated $295.86 million.
• As of the latest data, 12.31% of Atlanta Braves stock is held by institutional investors, while insiders currently own 5.90% of the company's shares.

Congress Park Capital LLC boosted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) by 70.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,510 shares of the financial services provider's stock after purchasing an additional 15,520 shares during the period. Congress Park Capital LLC owned 0.06% of Atlanta Braves worth $1,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Atlanta Braves by 25.1% during the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 242 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Atlanta Braves in the 4th quarter valued at $59,000. PNC Financial Services Group Inc. increased its stake 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 buying an additional 788 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Atlanta Braves in the 4th quarter valued at $210,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Atlanta Braves in the 1st quarter valued at $211,000. 12.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Atlanta Braves news, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $45.19, for a total transaction of $49,709.00. Following the transaction, the insider directly owned 1,800 shares in the company, valued at approximately $81,342. The trade was a 37.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.90% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup began coverage on Atlanta Braves in a research note on Friday, June 13th. They issued a "neutral" rating and a $45.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has a consensus rating of "Moderate Buy" and an average price target of $52.50.

Atlanta Braves Trading Down 0.5%

Shares of NASDAQ:BATRA traded down $0.22 during midday trading on Tuesday, hitting $45.57. The company had a trading volume of 42,097 shares, compared to its average volume of 53,475. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $50.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.31. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -130.20 and a beta of 0.68. The firm has a fifty day simple moving average of $47.18 and a 200 day simple moving average of $45.43.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. Atlanta Braves had a negative return on equity of 3.98% and a negative net margin of 2.99%.The business had revenue of $312.44 million for the quarter, compared to analyst estimates of $295.86 million. On average, analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Atlanta Braves Company 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.