Wedbush Securities Inc. Acquires New Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Wedbush Securities Inc. bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,053 shares of the financial services provider’s stock, valued at approximately $209,000.

A number of other large investors have also recently made changes to their positions in the stock. Whittier Trust Co. purchased a new position in Atlanta Braves during the second quarter valued at approximately $26,000. Nisa Investment Advisors LLC grew its position in shares of Atlanta Braves by 1,500.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 600 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Atlanta Braves by 1,607.7% in the first quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares during the period. Quest Partners LLC purchased a new stake in shares of Atlanta Braves in the second quarter worth $135,000. Finally, Obermeyer Wood Investment Counsel Lllp purchased a new stake in shares of Atlanta Braves in the first quarter worth $251,000. 12.31% of the stock is owned by institutional investors.

Insider Activity at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the acquisition, the insider now owns 7,550 shares of the company’s stock, valued at $301,698. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.83% of the stock is owned by insiders.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $43.64 on Monday. The stock’s 50-day simple moving average is $44.77 and its two-hundred day simple moving average is $42.57. Atlanta Braves Holdings, Inc. has a twelve month low of $36.78 and a twelve month high of $46.65. The firm has a market capitalization of $2.70 billion, a P/E ratio of -21.82 and a beta of 0.90. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08.

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 anticipate that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current fiscal year.

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.