MRP Capital Investments LLC Raises Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

MRP Capital Investments LLC boosted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,375 shares of the financial services provider’s stock after acquiring an additional 800 shares during the quarter. MRP Capital Investments LLC’s holdings in Atlanta Braves were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BATRA. PNC Financial Services Group Inc. lifted its holdings in Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after buying an additional 914 shares during the period. R Squared Ltd purchased a new stake in Atlanta Braves in the 4th quarter worth approximately $96,000. Brown Brothers Harriman & Co. lifted its holdings in Atlanta Braves by 460.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock worth $112,000 after buying an additional 2,180 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Atlanta Braves in the 3rd quarter worth approximately $133,000. Finally, SG Americas Securities LLC lifted its holdings in Atlanta Braves by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock worth $192,000 after buying an additional 959 shares during the period. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone acquired 5,094 shares of Atlanta Braves stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $41.94 per share, with a total value of $213,642.36. Following the transaction, the insider now directly owns 169,522 shares in the company, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 47,692 shares of company stock valued at $1,980,287 in the last 90 days. Corporate insiders own 4.83% of the company’s stock.

Atlanta Braves Trading Down 0.5 %

BATRA opened at $43.24 on Friday. The stock has a market cap of $2.68 billion, a PE ratio of -59.23 and a beta of 0.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average of $42.60 and a 200-day moving average of $42.37. Atlanta Braves Holdings, Inc. has a 52 week low of $38.90 and a 52 week high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. Equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share 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.