2,360 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Bought by R Squared Ltd

R Squared Ltd purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,360 shares of the financial services provider’s stock, valued at approximately $96,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC boosted its position in Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after buying an additional 12,775 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Atlanta Braves during the second quarter worth about $239,000. Marshall Wace LLP bought a new stake in shares of Atlanta Braves in the second quarter worth about $221,000. JPMorgan Chase & Co. grew its stake in shares of Atlanta Braves by 20.7% in the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 5,066 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Atlanta Braves by 11.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 41,771 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 4,165 shares during the period. 12.31% of the stock is owned by institutional investors.

Atlanta Braves Trading Up 2.7 %

NASDAQ BATRA opened at $42.93 on Friday. The stock has a market cap of $2.66 billion, a P/E ratio of -58.81 and a beta of 0.78. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $46.65. The stock has a 50 day simple moving average of $40.97 and a two-hundred day simple moving average of $42.81. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). The business had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $278.30 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. During the same period in the previous year, the business earned ($0.10) EPS. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone acquired 5,094 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was acquired at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the acquisition, the insider now owns 169,522 shares in the company, valued at $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 20,586 shares of company stock valued at $843,191. Company 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.