The Manufacturers Life Insurance Company Acquires New Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

The Manufacturers Life Insurance Company acquired a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,781 shares of the financial services provider’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gabelli Funds LLC raised its holdings in shares of Atlanta Braves by 0.8% in the 2nd quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock valued at $34,615,000 after purchasing an additional 6,321 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Atlanta Braves by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock valued at $25,496,000 after purchasing an additional 13,486 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Atlanta Braves by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock valued at $9,626,000 after purchasing an additional 17,000 shares in the last quarter. Aurora Investment Counsel raised its holdings in shares of Atlanta Braves by 1.6% in the 1st quarter. Aurora Investment Counsel now owns 40,778 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 653 shares in the last quarter. Finally, MRP Capital Investments LLC raised its holdings in shares of Atlanta Braves by 67.5% in 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 purchasing an additional 16,150 shares in the last quarter. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Stock Down 2.5 %

Shares of Atlanta Braves stock opened at $42.89 on Friday. The firm’s 50 day moving average price is $43.80 and its 200-day moving average price is $42.80. 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 Holdings, Inc. has a 52-week low of $36.78 and a 52-week high of $46.65. The company has a market cap of $2.65 billion, a P/E ratio of -21.45 and a beta of 0.88.

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