Pinnacle Associates Ltd. Boosts Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Pinnacle Associates Ltd. increased its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,771 shares of the financial services provider’s stock after buying an additional 4,165 shares during the period. Pinnacle Associates Ltd.’s holdings in Atlanta Braves were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BATRA. GAMMA Investing LLC lifted its stake in Atlanta Braves by 5,336.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,014 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Atlanta Braves by 1,607.7% during the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Atlanta Braves in the third quarter valued at approximately $158,000. Aurora Investment Counsel boosted its stake in shares of Atlanta Braves by 12.1% in the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after acquiring an additional 4,945 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Atlanta Braves during the second quarter worth approximately $239,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Stock Up 1.5 %

NASDAQ BATRA opened at $42.67 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $36.78 and a one year high of $46.65. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The business has a fifty day moving average price of $43.30 and a 200 day moving average price of $42.85. The company has a market cap of $2.64 billion, a P/E ratio of -43.10 and a beta of 0.88.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The business had revenue of $282.88 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned ($0.55) earnings per share. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current fiscal year.

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.