2,360 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,360 shares of the financial services provider’s stock, valued at approximately $96,000.

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC raised its stake in shares of Atlanta Braves by 1,607.7% during the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares during the period. US Bancorp DE bought a new stake in shares of Atlanta Braves during the third quarter valued at about $28,000. SG Americas Securities LLC lifted its holdings in shares of Atlanta Braves by 25.6% in the fourth 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Atlanta Braves by 5,336.8% in the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,014 shares during the period. Finally, Quest Partners LLC boosted its position in shares of Atlanta Braves by 62.9% in the third quarter. Quest Partners LLC now owns 5,312 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 2,052 shares during the period. 12.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone bought 15,192 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the purchase, the insider now directly owns 146,020 shares in the company, valued at $5,931,332.40. The trade was a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 20,586 shares of company stock valued at $843,191 over the last three months. 4.83% of the stock is owned by corporate insiders.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $42.93 on Friday. The firm’s 50 day simple moving average is $40.97 and its 200 day simple moving average is $42.81. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65. The firm has a market capitalization of $2.66 billion, a PE ratio of -58.81 and a beta of 0.78.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.19). The firm had revenue of $290.67 million during the quarter, compared to the consensus estimate of $278.30 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. During the same period in the previous year, the company posted ($0.10) EPS. As a group, analysts expect 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.