Congress Park Capital LLC Purchases Shares of 21,990 Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

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

A number of other hedge funds have also recently modified their holdings of BATRA. GAMMA Investing LLC raised its position in shares of Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock worth $53,000 after acquiring an additional 242 shares during the period. Rhumbline Advisers increased its stake in shares of Atlanta Braves by 5.2% in the 1st quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider's stock valued at $756,000 after purchasing an additional 848 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Atlanta Braves by 2.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider's stock worth $746,000 after purchasing an additional 400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Atlanta Braves by 11.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,107 shares of the financial services provider's stock worth $698,000 after purchasing an additional 1,696 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Atlanta Braves during the fourth quarter worth approximately $210,000. Hedge funds and other institutional investors own 12.31% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BATRA. Citigroup began coverage on Atlanta Braves in a research note on Friday, June 13th. They set a "neutral" rating and a $45.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $60.00 price objective on shares of Atlanta Braves in a report on Thursday, February 27th.

Insider Transactions at Atlanta Braves

In other news, EVP Derek Gordon Schiller sold 72,505 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 300,233 shares of the company's stock, valued at approximately $12,910,019. This represents a 19.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Plant sold 69,000 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 205,593 shares in the company, valued at approximately $8,840,499. The trade was a 25.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 121,872 shares of company stock worth $5,043,730 and sold 147,272 shares worth $6,322,139. Insiders own 4.83% of the company's stock.

Atlanta Braves Stock Up 1.8%

BATRA stock opened at $46.32 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average of $43.83 and a two-hundred day moving average of $42.71. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $46.94. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -132.34 and a beta of 0.57.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The firm had revenue of $47.21 million for 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%. As a group, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal 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.

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