BNP Paribas Financial Markets Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

BNP Paribas Financial Markets bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,451 shares of the financial services provider’s stock, valued at approximately $59,000.

Several other hedge funds have also made changes to their positions in BATRA. PDT Partners LLC acquired a new position in Atlanta Braves in the fourth quarter worth about $244,000. Schonfeld Strategic Advisors LLC bought a new stake in Atlanta Braves during the fourth quarter worth about $490,000. Northern Trust Corp grew its stake in Atlanta Braves by 0.5% during the fourth quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock worth $3,902,000 after buying an additional 436 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Atlanta Braves by 61.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 26,300 shares of the financial services provider’s stock worth $1,073,000 after buying an additional 10,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in Atlanta Braves by 1.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock worth $92,257,000 after buying an additional 21,955 shares during the last quarter. Institutional investors own 12.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Atlanta Braves Trading Up 0.5%

BATRA opened at $43.68 on Tuesday. The firm’s fifty day moving average is $43.22 and its two-hundred day moving average is $42.45. 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 firm has a market cap of $2.70 billion, a PE ratio of -59.84 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.

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. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insider Activity at Atlanta Braves

In other news, major shareholder Mario J. Gabelli acquired 1,549 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was bought at an average price of $43.45 per share, with a total value of $67,304.05. Following the transaction, the insider now directly owns 27,152 shares in the company, valued at approximately $1,179,754.40. The trade was a 6.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder John C. Malone acquired 38,452 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the transaction, the insider now owns 254,428 shares in the company, valued at approximately $10,248,359.84. This trade represents a 17.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 124,632 shares of company stock valued at $5,159,623. Corporate 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.