Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Bought by MRP Capital Investments LLC

MRP Capital Investments LLC boosted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 67.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,075 shares of the financial services provider’s stock after purchasing an additional 16,150 shares during the quarter. Atlanta Braves makes up 1.5% of MRP Capital Investments LLC’s holdings, making the stock its 19th largest position. MRP Capital Investments LLC owned about 0.06% of Atlanta Braves worth $1,656,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in shares of Atlanta Braves in the second quarter valued at about $26,000. Nisa Investment Advisors LLC boosted its holdings in Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after buying an additional 600 shares during the last quarter. Quent Capital LLC increased its stake in Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after buying an additional 627 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Atlanta Braves during the second quarter valued at approximately $135,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Atlanta Braves in the second quarter valued at approximately $209,000. 12.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the stock in a transaction on Monday, June 24th. The shares were bought at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the purchase, the insider now owns 7,550 shares of the company’s stock, valued at approximately $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.83% of the stock is owned by insiders.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRA opened at $43.94 on Thursday. The business’s 50 day moving average price is $44.84 and its 200-day moving average price is $42.60. Atlanta Braves Holdings, Inc. has a 1 year low of $36.78 and a 1 year high of $46.65. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $2.72 billion, a PE ratio of -21.97 and a beta of 0.90.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The business had revenue of $282.88 million during the quarter, compared to analysts’ expectations 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 prior year, the business earned ($0.55) earnings per share. As a group, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share 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.