Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Associated Capital Group, Inc. Purchases 2,000 Shares of Stock

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

Atlanta Braves Price Performance

BATRA opened at $40.60 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.31. Atlanta Braves Holdings, Inc. has a 12 month low of $36.78 and a 12 month high of $54.94. The company has a fifty day simple moving average of $41.31 and a 200 day simple moving average of $41.89. The stock has a market cap of $2.51 billion and a P/E ratio of -20.30.

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

Institutional Trading of Atlanta Braves

A number of large investors have recently made changes to their positions in BATRA. Roundview Capital LLC acquired a new position in Atlanta Braves in the 3rd quarter worth $7,344,000. Central Pacific Bank Trust Division acquired a new position in Atlanta Braves in the 1st quarter worth $692,000. Sapient Capital LLC acquired a new position in Atlanta Braves in the 4th quarter worth $582,000. Vanguard Group Inc. boosted its stake in Atlanta Braves by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock worth $25,496,000 after purchasing an additional 13,486 shares during the period. Finally, Anchor Investment Management LLC acquired a new position in Atlanta Braves in the 4th quarter worth $355,000. Institutional investors own 12.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.