Proficio Capital Partners LLC Purchases New Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Proficio Capital Partners LLC purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 22,073 shares of the financial services provider’s stock, valued at approximately $901,000.

A number of other large investors have also added to or reduced their stakes in BATRA. US Bancorp DE bought a new position in Atlanta Braves during the 3rd quarter valued at $28,000. SG Americas Securities LLC boosted its stake in Atlanta Braves by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 959 shares during the last quarter. Quest Partners LLC boosted its stake in Atlanta Braves by 62.9% during the 3rd quarter. Quest Partners LLC now owns 5,312 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 2,052 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Atlanta Braves by 460.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 2,180 shares during the last quarter. Finally, R Squared Ltd bought a new position in Atlanta Braves during the 4th quarter valued at $96,000. 12.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Trading Down 0.2 %

Shares of NASDAQ:BATRA opened at $43.57 on Friday. The company has a market cap of $2.70 billion, a PE ratio of -59.68 and a beta of 0.73. The company’s 50-day moving average price is $42.18 and its 200 day moving average price is $42.56. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $46.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.47. The firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. Sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone bought 5,094 shares of the stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $41.94 per share, with a total value of $213,642.36. Following the purchase, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have purchased 44,932 shares of company stock valued at $1,864,395. Company insiders own 4.83% of the company’s stock.

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.