LPL Financial LLC Acquires New Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

LPL Financial LLC purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,781 shares of the financial services provider's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in Atlanta Braves in the 4th quarter valued at about $53,000. PNC Financial Services Group Inc. lifted its position 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 Atlanta Braves in the 4th quarter worth about $96,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Atlanta Braves during the 3rd quarter worth about $133,000. Finally, SG Americas Securities LLC grew its holdings in Atlanta Braves by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider's stock valued at $192,000 after purchasing an additional 959 shares during the period. 12.31% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Stock Down 1.1 %

NASDAQ:BATRA traded down $0.48 during mid-day trading on Monday, hitting $43.14. The company had a trading volume of 1,842 shares, compared to its average volume of 54,885. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $46.65. The business has a fifty day simple moving average of $42.90 and a 200-day simple moving average of $42.30. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of -59.09 and a beta of 0.61.

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

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 38,452 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was bought at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the acquisition, the insider now owns 254,428 shares of the company's stock, valued at $10,248,359.84. The trade was a 17.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have purchased 122,632 shares of company stock worth $5,072,723. 4.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.