Raymond James Financial Inc. Takes $394,000 Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Raymond James Financial Inc. 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 filing with the SEC. The institutional investor purchased 9,669 shares of the financial services provider's stock, valued at approximately $394,000.

Several other institutional investors have also recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. bought a new stake in Atlanta Braves in the fourth quarter valued at approximately $390,000. Barclays PLC grew its position in shares of Atlanta Braves by 376.1% in the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 12,775 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Atlanta Braves in the 4th quarter valued at approximately $901,000. Renaissance Technologies LLC increased its stake in Atlanta Braves by 7.7% during the 4th 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 holdings in 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 buying an additional 914 shares during the period. Institutional investors own 12.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

Atlanta Braves Stock Down 0.7 %

BATRA stock opened at $43.49 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $2.69 billion, a P/E ratio of -59.58 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $46.65. The business has a 50-day moving average of $42.90 and a 200-day moving average of $42.33.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping 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 company had revenue of $52.12 million during the quarter, compared to analysts' expectations of $48.20 million. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone bought 38,452 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were 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 in the company, valued at $10,248,359.84. This trade represents a 17.80 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 122,632 shares of company stock worth $5,072,723 in the last three months. Insiders own 4.83% of the company's stock.

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.

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