Aurora Investment Counsel Boosts Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Aurora Investment Counsel raised its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,723 shares of the financial services provider’s stock after acquiring an additional 4,945 shares during the period. Aurora Investment Counsel owned 0.07% of Atlanta Braves worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BATRA. The Manufacturers Life Insurance Company purchased a new position in Atlanta Braves during the 2nd quarter worth $239,000. Alden Global Capital LLC purchased a new position in shares of Atlanta Braves during the second quarter worth about $1,301,000. Marshall Wace LLP acquired a new position in Atlanta Braves in the 2nd quarter valued at about $221,000. Gabelli Funds LLC raised its stake in Atlanta Braves by 0.8% during the 2nd quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock valued at $34,615,000 after acquiring an additional 6,321 shares during the last quarter. Finally, MRP Capital Investments LLC raised its stake in Atlanta Braves by 67.5% during the 2nd quarter. MRP Capital Investments LLC now owns 40,075 shares of the financial services provider’s stock valued at $1,656,000 after acquiring an additional 16,150 shares during the last quarter. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Atlanta Braves Stock Performance

Shares of BATRA opened at $42.15 on Tuesday. Atlanta Braves Holdings, Inc. has a 1 year low of $36.78 and a 1 year high of $46.65. The stock has a market capitalization of $2.61 billion, a P/E ratio of -21.08 and a beta of 0.90. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The company’s fifty day moving average is $44.50 and its two-hundred day moving average is $42.71.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. The company had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same quarter in the previous year, the firm posted ($0.55) EPS. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current year.

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.