Wedbush Securities Inc. bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Free Report) 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
Atlanta Braves (NASDAQ:BATRA – Get Free Report) 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.
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