Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,004 shares of the financial services provider’s stock after purchasing an additional 2,367 shares during the period. Bank of America Corp DE’s holdings in Atlanta Braves were worth $816,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in shares of Atlanta Braves during the 4th quarter valued at about $59,000. PDT Partners LLC purchased a new stake in Atlanta Braves in the fourth quarter valued at approximately $244,000. Schonfeld Strategic Advisors LLC acquired a new position in Atlanta Braves during the fourth quarter worth approximately $490,000. Northern Trust Corp increased its position 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 purchasing an additional 436 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised 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 purchasing an additional 10,000 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 set a $60.00 target price on shares of Atlanta Braves in a report on Thursday, February 27th.

Insider Transactions at Atlanta Braves

In other news, major shareholder Mario J. Gabelli acquired 1,549 shares of the stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of $43.45 per share, for a total transaction of $67,304.05. Following the completion of the transaction, the insider now owns 27,152 shares in the company, valued at approximately $1,179,754.40. This trade represents a 6.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Deretta C. Rhodes sold 5,000 shares of Atlanta Braves 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 sale, the executive vice president now directly owns 3,112 shares in the company, valued at $128,214.40. The trade was a 61.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 124,632 shares of company stock worth $5,159,623. 4.83% of the stock is owned by corporate insiders.

Atlanta Braves Trading Up 1.2%

Shares of Atlanta Braves stock opened at $43.70 on Monday. The business has a fifty day simple moving average of $43.16 and a 200-day simple moving average of $42.50. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $46.65. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -59.86 and a beta of 0.57. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

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

Atlanta Braves Company 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.