Renaissance Technologies LLC Raises Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Renaissance Technologies LLC lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 284,200 shares of the financial services provider’s stock after acquiring an additional 20,200 shares during the period. Renaissance Technologies LLC owned 0.46% of Atlanta Braves worth $11,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BATRA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Atlanta Braves by 24.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider’s stock worth $650,000 after acquiring an additional 3,074 shares during the last quarter. State Street Corp grew its holdings in shares of Atlanta Braves by 1.3% during the 3rd quarter. State Street Corp now owns 266,968 shares of the financial services provider’s stock worth $11,253,000 after purchasing an additional 3,432 shares during the period. Barclays PLC increased its position in shares of Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 12,775 shares during the last quarter. Geode Capital Management LLC raised its holdings in Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock valued at $11,817,000 after buying an additional 3,798 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Atlanta Braves in the third quarter valued at about $133,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder John C. Malone acquired 44,258 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was acquired at an average price of $41.80 per share, for a total transaction of $1,849,984.40. Following the purchase, the insider now owns 330,870 shares of the company’s stock, valued at $13,830,366. This represents a 15.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 130,402 shares of company stock worth $5,379,118 in the last ninety days. 4.83% of the stock is owned by corporate insiders.

Atlanta Braves Trading Up 0.1 %

BATRA opened at $42.10 on Wednesday. Atlanta Braves Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $46.65. 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 fifty day simple moving average of $43.05 and a 200-day simple moving average of $42.23. The firm has a market cap of $2.60 billion, a P/E ratio of -57.67 and a beta of 0.61.

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

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Atlanta Braves in a research note on Thursday, February 27th.

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.