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

Atlanta Braves logo with Consumer Discretionary background

Hudson Value Partners LLC acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 87,305 shares of the financial services provider's stock, valued at approximately $3,830,000. Atlanta Braves comprises 1.4% of Hudson Value Partners LLC's investment portfolio, making the stock its 24th biggest holding. Hudson Value Partners LLC owned approximately 0.14% of Atlanta Braves at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BATRA. Cutter & CO Brokerage Inc. purchased a new stake in Atlanta Braves during the 4th quarter worth approximately $390,000. Proficio Capital Partners LLC bought a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $901,000. Pacific Global Investment Management Co. increased its holdings in shares of Atlanta Braves by 5.1% in the 4th quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock valued at $210,000 after acquiring an additional 249 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $394,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 914 shares during the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRA traded up $0.69 during trading on Thursday, reaching $49.36. The stock had a trading volume of 37,028 shares, compared to its average volume of 46,523. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $49.54. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $3.05 billion, a PE ratio of -141.02 and a beta of 0.57. The firm's 50 day moving average price is $44.53 and its two-hundred day moving average price is $42.96.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $36.87 million. On average, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 30,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the completion of the transaction, the executive vice president now owns 300,233 shares in the company, valued at approximately $13,660,601.50. The trade was a 9.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder John C. Malone purchased 44,258 shares of Atlanta Braves stock in a transaction on Thursday, April 10th. The shares were acquired at an average price of $41.80 per share, with a total value of $1,849,984.40. Following the transaction, the insider now directly owns 330,870 shares in the company, valued at $13,830,366. This trade represents a 15.44% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 121,872 shares of company stock worth $5,043,730 and sold 217,372 shares worth $9,451,951. Insiders own 4.83% of the company's stock.

Analyst Ratings Changes

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

View Our Latest Stock Report on BATRA

About Atlanta Braves

(Free Report)

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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