Schonfeld Strategic Advisors LLC Buys Shares of 12,000 Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 12,000 shares of the financial services provider’s stock, valued at approximately $490,000.

Other hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Atlanta Braves in the 4th quarter valued at about $53,000. PNC Financial Services Group Inc. lifted its stake in Atlanta Braves by 157.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 914 shares during the last quarter. R Squared Ltd acquired a new position in Atlanta Braves during the 4th quarter worth approximately $96,000. SG Americas Securities LLC increased its position in shares of 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 valued at $192,000 after purchasing an additional 959 shares during the last quarter. Finally, Pacific Global Investment Management Co. raised its holdings in shares of Atlanta Braves by 5.1% in the 4th quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone acquired 2,760 shares of Atlanta Braves stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the purchase, the insider now owns 214,118 shares in the company, valued at $8,990,814.82. This represents a 1.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 122,632 shares of company stock valued at $5,072,723 in the last ninety days. Insiders own 4.83% of the company’s stock.

Atlanta Braves Trading Down 0.7 %

BATRA opened at $43.49 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $46.65. The company has a market cap of $2.69 billion, a P/E ratio of -59.58 and a beta of 0.61. The business’s 50-day simple moving average is $42.90 and its 200-day simple moving average is $42.32.

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

Atlanta Braves 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.