Hudson Value Partners LLC Buys New Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Hudson Value Partners LLC purchased 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 filing with the Securities and Exchange Commission. The fund purchased 87,305 shares of the financial services provider's stock, valued at approximately $3,830,000. Atlanta Braves accounts for about 1.4% of Hudson Value Partners LLC's portfolio, making the stock its 24th largest holding. Hudson Value Partners LLC owned 0.14% of Atlanta Braves as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at $53,000. GAMMA Investing LLC grew its position in Atlanta Braves by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 242 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Atlanta Braves during the fourth quarter worth about $59,000. PNC Financial Services Group Inc. boosted its stake in shares of Atlanta Braves by 157.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 914 shares during the period. Finally, Ionic Capital Management LLC purchased a new position in Atlanta Braves in the 4th quarter valued at approximately $197,000. 12.31% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Performance

Shares of BATRA stock traded up $0.16 during mid-day trading on Monday, hitting $49.23. The stock had a trading volume of 145,637 shares, compared to its average volume of 46,394. The firm has a market cap of $3.05 billion, a PE ratio of -140.65 and a beta of 0.57. The company's 50-day simple moving average is $43.97 and its 200-day simple moving average is $42.77. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.78 and a quick ratio of 0.78. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week 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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. Atlanta Braves had a negative return on equity of 4.07% and a negative net margin of 3.18%. The business had revenue of $47.21 million during the quarter, compared to the consensus estimate of $36.87 million. Sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone purchased 44,258 shares of the company's stock in a transaction on Thursday, April 10th. The stock was bought at an average price of $41.80 per share, with a total value of $1,849,984.40. Following the completion of the transaction, the insider now owns 330,870 shares of the company's stock, valued at approximately $13,830,366. This represents a 15.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deretta C. Rhodes sold 767 shares of Atlanta Braves stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.97, for a total value of $31,423.99. Following the sale, the executive vice president now owns 3,112 shares of the company's stock, valued at approximately $127,498.64. This represents a 19.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 121,872 shares of company stock valued at $5,043,730 and sold 147,272 shares valued at $6,322,139. 4.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Atlanta Braves in a research report on Friday, June 13th. They set a "neutral" rating and a $45.00 price objective for the company. Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Atlanta Braves in a research note on Thursday, February 27th.

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.