Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Purchases $79,920.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the acquisition, the insider now owns 7,550 shares in the company, valued at $301,698. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

BATRA opened at $40.91 on Friday. The firm has a market cap of $2.53 billion and a P/E ratio of -20.46. Atlanta Braves Holdings, Inc. has a 52-week low of $36.78 and a 52-week high of $54.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 0.80. The business’s fifty day moving average is $41.32 and its 200-day moving average is $41.87.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.19). The company had revenue of $37.08 million for the quarter, compared to analyst estimates of $39.63 million. Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. Sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Atlanta Braves in a report on Thursday, May 16th.

Institutional Trading of Atlanta Braves

Several large investors have recently bought and sold shares of BATRA. Roundview Capital LLC acquired a new stake in Atlanta Braves in the third quarter valued at about $7,344,000. Central Pacific Bank Trust Division bought a new position in Atlanta Braves in the first quarter valued at about $692,000. Sapient Capital LLC bought a new position in Atlanta Braves in the fourth quarter valued at about $582,000. Vanguard Group Inc. raised its position in Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock valued at $25,496,000 after purchasing an additional 13,486 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new position in Atlanta Braves in the fourth quarter valued at about $355,000. 12.31% of the stock is owned by institutional investors and hedge funds.

About Atlanta Braves

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.