Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder Mario J. Gabelli bought 352 shares of the business's stock in a transaction on Friday, October 11th. The shares were purchased at an average cost of $41.50 per share, with a total value of $14,608.00. Following the transaction, the insider now owns 25,152 shares in the company, valued at approximately $1,043,808. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Atlanta Braves Stock Up 2.3 %
Atlanta Braves stock opened at $43.14 on Wednesday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -21.57 and a beta of 0.88. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. Atlanta Braves Holdings, Inc. has a fifty-two week low of $36.78 and a fifty-two week high of $46.65. The firm has a fifty day moving average price of $43.86 and a two-hundred day moving average price of $42.78.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.14. The firm had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. Atlanta Braves had a negative net margin of 9.18% and a negative return on equity of 11.36%. During the same quarter in the previous year, the business earned ($0.55) EPS. As a group, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current year.
Institutional Inflows and Outflows
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A number of large investors have recently made changes to their positions in BATRA. SageView Advisory Group LLC acquired a new position in shares of Atlanta Braves during the fourth quarter valued at about $265,000. Chickasaw Capital Management LLC raised its position in shares of Atlanta Braves by 2.9% during the first quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider's stock valued at $2,719,000 after buying an additional 1,825 shares during the last quarter. BlueChip Wealth Advisors LLC acquired a new position in shares of Atlanta Braves during the first quarter valued at about $296,000. Quent Capital LLC raised its position in shares of Atlanta Braves by 1,607.7% during the first quarter. Quent Capital LLC now owns 666 shares of the financial services provider's stock valued at $28,000 after buying an additional 627 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Atlanta Braves during the first quarter valued at about $692,000. Institutional investors and hedge funds own 12.31% of the company's stock.
About Atlanta Braves
(
Get Free Report)
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.
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