Schonfeld Strategic Advisors LLC Acquires Shares of 12,000 Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Schonfeld Strategic Advisors LLC bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,000 shares of the financial services provider's stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cutter & CO Brokerage Inc. purchased a new stake in Atlanta Braves during the 4th quarter worth approximately $390,000. Barclays PLC raised its stake in 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 last quarter. Raymond James Financial Inc. purchased a new position in Atlanta Braves in the 4th quarter valued at $394,000. Proficio Capital Partners LLC acquired a new stake in Atlanta Braves during the 4th quarter worth $901,000. Finally, Renaissance Technologies LLC grew its holdings 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 buying an additional 20,200 shares in the last quarter. Hedge funds and other institutional investors own 12.31% of the company's stock.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 2,760 shares of Atlanta Braves stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the transaction, the insider now directly owns 214,118 shares of the company's stock, valued at $8,990,814.82. This trade represents a 1.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders bought 122,632 shares of company stock valued at $5,072,723. 4.83% of the stock is owned by company insiders.

Atlanta Braves Trading Down 0.7 %

Shares of Atlanta Braves stock opened at $43.49 on Friday. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $46.65. 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 cap of $2.69 billion, a P/E ratio of -59.58 and a beta of 0.61. The stock's 50 day simple moving average is $42.90 and its 200-day simple moving average is $42.32.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark reissued a "buy" rating and issued a $60.00 price target on shares of Atlanta Braves in a research note 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.

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