Squarepoint Ops LLC Acquires Shares of 5,144 Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Squarepoint Ops LLC acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,144 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BATRA. SG Americas Securities LLC lifted its holdings in Atlanta Braves by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 959 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $390,000. Proficio Capital Partners LLC acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $901,000. Pacific Global Investment Management Co. grew its holdings in shares of Atlanta Braves by 5.1% during the 4th quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 249 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Atlanta Braves during the 4th quarter worth about $394,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Deretta C. Rhodes sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $41.20, for a total value of $206,000.00. Following the transaction, the executive vice president now owns 3,112 shares of the company’s stock, valued at approximately $128,214.40. The trade was a 61.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Mario J. Gabelli purchased 1,549 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were bought at an average price of $43.45 per share, with a total value of $67,304.05. Following the purchase, the insider now directly owns 27,152 shares of the company’s stock, valued at approximately $1,179,754.40. The trade was a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 124,632 shares of company stock worth $5,159,623 in the last quarter. 4.83% of the stock is owned by insiders.

Analyst Ratings Changes

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

Atlanta Braves Price Performance

Shares of BATRA opened at $43.70 on Monday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -59.86 and a beta of 0.57. The firm’s fifty day simple moving average is $43.16 and its 200-day simple moving average is $42.50. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $46.65. 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 posted its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.94) by $0.28. The firm had revenue of $47.21 million during the quarter, compared to analysts’ expectations 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 EPS 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.