Marshall Wace LLP Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Marshall Wace LLP acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,337 shares of the financial services provider’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Welch Group LLC acquired a new position in shares of Atlanta Braves during the second quarter valued at $867,000. Renaissance Technologies LLC lifted its stake in shares of Atlanta Braves by 7.9% during the second quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock valued at $9,626,000 after acquiring an additional 17,000 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Atlanta Braves during the first quarter valued at $692,000. MRP Capital Investments LLC lifted its stake in shares of Atlanta Braves by 67.5% during the second 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 period. Finally, Vanguard Group Inc. lifted its stake in shares of Atlanta Braves by 2.3% during the first 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. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Trading Up 0.3 %

NASDAQ:BATRA opened at $41.69 on Friday. Atlanta Braves Holdings, Inc. has a 1-year low of $36.78 and a 1-year high of $46.65. The business’s 50-day moving average price is $43.88 and its two-hundred day moving average price is $42.75. 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 firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -20.85 and a beta of 0.88.

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