Northern Trust Corp Purchases 436 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Northern Trust Corp boosted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,644 shares of the financial services provider’s stock after buying an additional 436 shares during the period. Northern Trust Corp owned approximately 0.15% of Atlanta Braves worth $3,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Atlanta Braves by 61.3% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 26,300 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Atlanta Braves by 1.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock valued at $92,257,000 after buying an additional 21,955 shares in the last quarter. Barclays PLC increased its position in Atlanta Braves by 9.7% in the 4th quarter. Barclays PLC now owns 17,734 shares of the financial services provider’s stock valued at $723,000 after buying an additional 1,562 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Atlanta Braves in the 4th quarter valued at about $394,000. Finally, Renaissance Technologies LLC increased its position in Atlanta Braves by 7.7% in the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider’s stock valued at $11,595,000 after buying an additional 20,200 shares in the last quarter. 12.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Deretta C. Rhodes sold 767 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.97, for a total value of $31,423.99. Following the transaction, the executive vice president now owns 3,112 shares in the company, valued at $127,498.64. The trade was a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John C. Malone bought 2,760 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the purchase, the insider now directly owns 214,118 shares in the company, valued at approximately $8,990,814.82. The trade was a 1.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 122,632 shares of company stock valued at $5,072,723. Corporate insiders own 4.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Atlanta Braves Stock Performance

Shares of BATRA opened at $43.89 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $43.18 and a two-hundred day moving average price of $42.43. The firm has a market capitalization of $2.72 billion, a P/E ratio of -60.12 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.28. The firm had revenue of $47.21 million during the quarter, compared to analyst estimates of $36.87 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share 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.