GAMMA Investing LLC Raises Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

GAMMA Investing LLC increased its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 25.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,207 shares of the financial services provider’s stock after purchasing an additional 242 shares during the quarter. GAMMA Investing LLC’s holdings in Atlanta Braves were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its stake in Atlanta Braves by 2.4% during the first quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider’s stock worth $746,000 after acquiring an additional 400 shares in the last quarter. Northern Trust Corp boosted 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 acquiring an additional 436 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Atlanta Braves by 1.5% during the fourth quarter. Nuveen Asset Management LLC now owns 36,354 shares of the financial services provider’s stock worth $1,483,000 after acquiring an additional 540 shares in the last quarter. MRP Capital Investments LLC boosted its stake in Atlanta Braves by 3.4% during the fourth quarter. MRP Capital Investments LLC now owns 24,375 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 800 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Atlanta Braves by 5.2% during the first quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 848 shares in the last quarter. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Insiders Place Their Bets

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the sale, the executive vice president owned 300,233 shares of the company’s stock, valued at approximately $13,660,601.50. The trade was a 9.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deretta C. Rhodes sold 5,000 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total transaction of $206,000.00. Following the completion of the sale, the executive vice president directly owned 3,112 shares in the company, valued at $128,214.40. This trade represents a 61.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have bought 39,162 shares of company stock valued at $1,644,899 and have sold 217,372 shares valued at $9,451,951. Insiders own 4.83% of the company’s stock.

Atlanta Braves Stock Performance

BATRA opened at $48.48 on Thursday. The firm has a market cap of $3.00 billion, a P/E ratio of -138.51 and a beta of 0.69. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $50.00. The company has a 50 day simple moving average of $45.60 and a two-hundred day simple moving average of $43.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.78 and a quick ratio of 0.78.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.28. The firm 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 3.18% and a negative return on equity of 4.07%. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup assumed coverage on shares of Atlanta Braves in a report on Friday, June 13th. They issued a “neutral” rating and a $45.00 target price for the company.

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.