PDT Partners LLC Purchases Shares of 5,978 Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

PDT Partners LLC acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,978 shares of the financial services provider's stock, valued at approximately $244,000.

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Atlanta Braves during the fourth quarter valued at $53,000. PNC Financial Services Group Inc. boosted its holdings 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 in the last quarter. R Squared Ltd acquired a new stake in Atlanta Braves during the fourth quarter valued at $96,000. Wilmington Savings Fund Society FSB acquired a new stake in Atlanta Braves during the third quarter valued at $133,000. Finally, SG Americas Securities LLC raised its position in shares of 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 worth $192,000 after acquiring an additional 959 shares during the period. 12.31% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Price Performance

BATRA stock traded up $0.08 during midday trading on Thursday, reaching $43.82. The stock had a trading volume of 10,782 shares, compared to its average volume of 42,782. Atlanta Braves Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $46.65. 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 company's fifty day simple moving average is $42.90 and its 200 day simple moving average is $42.32. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -60.01 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $48.20 million. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone bought 8,371 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $41.94 per share, for a total transaction of $351,079.74. Following the acquisition, the insider now owns 371,707 shares of the company's stock, valued at approximately $15,589,391.58. This trade represents a 2.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 122,632 shares of company stock worth $5,072,723 in the last quarter. Company insiders own 4.83% of the company's stock.

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.