Wedbush Securities Inc. Purchases Shares of 4,231 Atlanta Braves Holdings, Inc. $BATRA

Wedbush Securities Inc. acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,231 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors have also modified their holdings of BATRA. Levin Capital Strategies L.P. grew its position in shares of Atlanta Braves by 266.7% in the 2nd quarter. Levin Capital Strategies L.P. now owns 27,500 shares of the financial services provider’s stock valued at $1,353,000 after buying an additional 20,000 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Atlanta Braves by 48.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 329 shares in the last quarter. Aurora Investment Counsel grew its holdings in shares of Atlanta Braves by 1.3% during the second quarter. Aurora Investment Counsel now owns 45,672 shares of the financial services provider’s stock worth $2,248,000 after purchasing an additional 581 shares during the last quarter. Roundview Capital LLC grew its holdings in shares of Atlanta Braves by 0.6% during the second quarter. Roundview Capital LLC now owns 158,486 shares of the financial services provider’s stock worth $7,799,000 after purchasing an additional 1,014 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Atlanta Braves by 2.9% during the second quarter. DAVENPORT & Co LLC now owns 11,425 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Atlanta Braves has a consensus rating of “Hold” and a consensus target price of $52.50.

Atlanta Braves Stock Performance

NASDAQ BATRA opened at $42.28 on Friday. The firm has a market cap of $2.65 billion, a P/E ratio of -1,056.74 and a beta of 0.63. Atlanta Braves Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $50.50. The business’s 50-day moving average price is $44.03 and its 200 day moving average price is $45.64. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.32.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.24 by $0.23. The firm had revenue of $311.54 million during the quarter, compared to the consensus estimate of $309.06 million. Atlanta Braves had a negative return on equity of 0.19% and a negative net margin of 0.14%. On average, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 840 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were acquired at an average price of $41.99 per share, with a total value of $35,271.60. Following the purchase, the insider directly owned 372,547 shares of the company’s stock, valued at $15,643,248.53. The trade was a 0.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $45.41, for a total value of $36,328.00. Following the completion of the sale, the insider owned 1,000 shares in the company, valued at approximately $45,410. This represents a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,700 shares of company stock valued at $167,859. Insiders own 5.90% of the company’s stock.

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.