Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 41.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,456 shares of the financial services provider’s stock after acquiring an additional 3,945 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Atlanta Braves were worth $549,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Atlanta Braves in the 4th quarter worth $53,000. BNP Paribas Financial Markets purchased a new position in Atlanta Braves during the fourth quarter worth about $59,000. PNC Financial Services Group Inc. boosted its holdings in Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 914 shares during the last quarter. R Squared Ltd acquired a new position in Atlanta Braves in the 4th quarter valued at about $96,000. Finally, SG Americas Securities LLC grew its stake in shares of Atlanta Braves by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock valued at $192,000 after buying an additional 959 shares during the period. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, EVP Deretta C. Rhodes sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total value of $206,000.00. Following the completion of the transaction, the executive vice president now owns 3,112 shares of the company’s stock, valued at approximately $128,214.40. This trade represents a 61.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder John C. Malone acquired 38,452 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the acquisition, the insider now directly owns 254,428 shares of the company’s stock, valued at approximately $10,248,359.84. This represents a 17.80% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 122,632 shares of company stock valued at $5,072,723. Company insiders own 4.83% of the company’s stock.

Atlanta Braves Stock Performance

NASDAQ BATRA opened at $43.51 on Monday. The stock has a market cap of $2.69 billion, a PE ratio of -59.60 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $46.65. The stock has a fifty day simple moving average of $43.19 and a 200-day simple moving average of $42.42. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

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