21,990 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Bought by Congress Park Capital LLC

Congress Park Capital LLC purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,990 shares of the financial services provider's stock, valued at approximately $965,000.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Atlanta Braves by 5,387.2% in the first quarter. GAMMA Investing LLC now owns 52,951 shares of the financial services provider's stock worth $23,230,000 after acquiring an additional 51,986 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Atlanta Braves in the fourth quarter worth approximately $901,000. Gamco Investors INC. ET AL lifted its stake in shares of Atlanta Braves by 1.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider's stock worth $92,257,000 after acquiring an additional 21,955 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Atlanta Braves by 69.0% in the fourth quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider's stock worth $2,039,000 after acquiring an additional 20,399 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Atlanta Braves by 7.7% in the fourth quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock worth $11,595,000 after acquiring an additional 20,200 shares during the period. 12.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 27th. Citigroup assumed coverage on Atlanta Braves in a research note on Friday, June 13th. They issued a "neutral" rating and a $45.00 price objective on the stock.

Insiders Place Their Bets

In other news, major shareholder Mario J. Gabelli acquired 1,549 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was purchased at an average price of $43.45 per share, for a total transaction of $67,304.05. Following the completion of the acquisition, the insider now directly owns 27,152 shares in the company, valued at $1,179,754.40. The trade was a 6.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder John C. Malone acquired 38,452 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the acquisition, the insider now owns 254,428 shares of the company's stock, valued at approximately $10,248,359.84. This represents a 17.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 121,872 shares of company stock worth $5,043,730 and sold 217,372 shares worth $9,451,951. 4.83% of the stock is currently owned by corporate insiders.

Atlanta Braves Trading Up 0.3%

BATRA stock traded up $0.16 during mid-day trading on Monday, reaching $49.23. The company's stock had a trading volume of 145,637 shares, compared to its average volume of 46,396. The company has a market cap of $3.05 billion, a price-to-earnings ratio of -140.65 and a beta of 0.57. The business's 50 day moving average price is $44.11 and its 200 day moving average price is $42.82. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $49.81.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million during the quarter, compared to the consensus estimate of $36.87 million. Atlanta Braves had a negative return on equity of 4.07% and a negative net margin of 3.18%. On average, equities research 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.