Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys $67,304.05 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder Mario J. Gabelli acquired 1,549 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was purchased at an average cost of $43.45 per share, for a total transaction of $67,304.05. Following the transaction, the insider now owns 27,152 shares in the company, valued at approximately $1,179,754.40. The trade was a 6.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRA traded down $0.21 during mid-day trading on Friday, hitting $43.33. The stock had a trading volume of 59,558 shares, compared to its average volume of 44,226. The firm has a market cap of $2.68 billion, a PE ratio of -59.36 and a beta of 0.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The company has a 50 day moving average of $43.23 and a two-hundred day moving average of $42.45. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $46.65.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, beating analysts' consensus estimates of ($0.94) by $0.28. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

Institutional Trading of Atlanta Braves

A number of hedge funds and other institutional investors have recently made changes to their positions in BATRA. Cutter & CO Brokerage Inc. acquired a new stake in Atlanta Braves in the fourth quarter valued at approximately $390,000. Raymond James Financial Inc. acquired a new position in Atlanta Braves during the fourth quarter worth $394,000. Proficio Capital Partners LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter valued at about $901,000. Renaissance Technologies LLC increased its stake in shares of Atlanta Braves by 7.7% during the fourth quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock worth $11,595,000 after purchasing an additional 20,200 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Atlanta Braves by 157.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after purchasing an additional 914 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company's stock.

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.