Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Purchases 2,000 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the purchase, the insider now owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

Atlanta Braves stock opened at $40.91 on Friday. The business has a 50-day simple moving average of $41.32 and a 200 day simple moving average of $41.87. Atlanta Braves Holdings, Inc. has a 52 week low of $36.78 and a 52 week high of $54.94. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.31. The stock has a market cap of $2.53 billion and a price-to-earnings ratio of -20.46.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. The firm had revenue of $37.08 million during the quarter, compared to analysts’ expectations of $39.63 million. On average, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $54.00 target price on shares of Atlanta Braves in a research report on Thursday, May 16th.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds and other institutional investors have recently modified their holdings of BATRA. Roundview Capital LLC purchased a new position in shares of Atlanta Braves in the 3rd quarter worth about $7,344,000. Central Pacific Bank Trust Division purchased a new stake in Atlanta Braves during the 1st quarter valued at about $692,000. Sapient Capital LLC purchased a new stake in Atlanta Braves during the 4th quarter valued at about $582,000. Vanguard Group Inc. boosted its holdings in Atlanta Braves by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock valued at $25,496,000 after acquiring an additional 13,486 shares during the period. Finally, Anchor Investment Management LLC purchased a new stake in Atlanta Braves during the 4th quarter valued at about $355,000. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

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.