JPMorgan Chase & Co. Boosts Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

JPMorgan Chase & Co. lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,972 shares of the financial services provider's stock after acquiring an additional 20,399 shares during the period. JPMorgan Chase & Co. owned 0.08% of Atlanta Braves worth $2,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BATRA. KLP Kapitalforvaltning AS purchased a new position in shares of Atlanta Braves during the 4th quarter worth $53,000. PNC Financial Services Group Inc. boosted its stake in Atlanta Braves by 157.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after buying an additional 914 shares during the period. R Squared Ltd acquired a new stake in shares of Atlanta Braves during the fourth quarter valued at about $96,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Atlanta Braves in the 3rd quarter valued at approximately $133,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Atlanta Braves by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider's stock worth $192,000 after acquiring an additional 959 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company's stock.

Atlanta Braves Trading Down 1.3 %

BATRA traded down $0.58 during mid-day trading on Wednesday, hitting $43.45. 34,841 shares of the stock were exchanged, compared to its average volume of 42,675. The firm's fifty day moving average is $42.88 and its two-hundred day moving average is $42.31. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $46.65. The company has a market cap of $2.69 billion, a PE ratio of -59.52 and a beta of 0.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder John C. Malone bought 8,371 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $351,079.74. Following the completion of the purchase, the insider now owns 371,707 shares of the company's stock, valued at approximately $15,589,391.58. This represents a 2.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 122,632 shares of company stock worth $5,072,723 over the last 90 days. Corporate insiders own 4.83% of the company's stock.

Analyst Upgrades and Downgrades

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

Atlanta Braves 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.