Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Acquires 352 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Mario J. Gabelli bought 352 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was acquired at an average price of $41.50 per share, for a total transaction of $14,608.00. Following the completion of the purchase, the insider now directly owns 25,152 shares in the company, valued at approximately $1,043,808. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of BATRA opened at $43.38 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average price of $43.85 and a 200-day moving average price of $42.79. The company has a market cap of $2.68 billion, a PE ratio of -21.69 and a beta of 0.88. Atlanta Braves Holdings, Inc. has a 12-month low of $36.78 and a 12-month high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. The business had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. Atlanta Braves had a negative net margin of 9.18% and a negative return on equity of 11.36%. During the same period in the previous year, the business posted ($0.55) earnings per share. As a group, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

A number of large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in shares of Atlanta Braves during the 2nd quarter valued at about $26,000. Nisa Investment Advisors LLC boosted its stake in Atlanta Braves by 1,500.0% in the second quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after buying an additional 600 shares in the last quarter. Quent Capital LLC grew its position in Atlanta Braves by 1,607.7% during the first quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Atlanta Braves during the second quarter valued at about $135,000. Hedge funds and other institutional investors own 12.31% 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.