UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,107 shares of the financial services provider’s stock after acquiring an additional 1,696 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Atlanta Braves were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BATRA. KLP Kapitalforvaltning AS acquired a new position in Atlanta Braves during the fourth quarter worth about $53,000. BNP Paribas Financial Markets purchased a new position in Atlanta Braves during the fourth quarter worth approximately $59,000. PNC Financial Services Group Inc. increased its position in shares of Atlanta Braves by 157.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 914 shares in the last quarter. Ionic Capital Management LLC acquired a new stake in Atlanta Braves during the 4th quarter valued at $197,000. Finally, Pacific Global Investment Management Co. grew its holdings in 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 acquiring an additional 249 shares in the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Up 1.7%

Atlanta Braves stock opened at $45.94 on Thursday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -62.93 and a beta of 0.57. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $43.29 and its two-hundred day moving average price is $42.56. 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 announced its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million for 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%. On average, analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Atlanta Braves

In related news, major shareholder Mario J. Gabelli purchased 1,549 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired at an average cost of $43.45 per share, for a total transaction of $67,304.05. Following the completion of the acquisition, the insider now owns 27,152 shares in the company, valued at $1,179,754.40. This trade represents a 6.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deretta C. Rhodes sold 767 shares of the firm’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 transaction of $31,423.99. Following the sale, the executive vice president now owns 3,112 shares of the company’s stock, valued at approximately $127,498.64. This represents a 19.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 121,872 shares of company stock valued at $5,043,730 over the last ninety days. 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.