20,075 Shares in Atlanta Braves Holdings, Inc. $BATRA Bought by MRP Capital Investments LLC

MRP Capital Investments LLC acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,075 shares of the financial services provider’s stock, valued at approximately $988,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Atlanta Braves by 1,873.1% during the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 487 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in Atlanta Braves by 44.4% in the third quarter. Ameritas Advisory Services LLC now owns 950 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 292 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Atlanta Braves by 47.7% in the third quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 398 shares during the last quarter. State of Wyoming acquired a new stake in Atlanta Braves during the 2nd quarter valued at approximately $70,000. Finally, Quarry LP acquired a new stake in Atlanta Braves during the 3rd quarter valued at approximately $74,000. 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 35,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average price of $44.23 per share, for a total transaction of $1,548,050.00. Following the transaction, the insider owned 521,862 shares in the company, valued at $23,081,956.26. The trade was a 7.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

BATRA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, January 21st. Zacks Research raised shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.

Atlanta Braves Stock Performance

Shares of BATRA stock opened at $47.10 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.42. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $50.50. The company’s 50-day simple moving average is $45.70 and its 200-day simple moving average is $44.35. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -120.77 and a beta of 0.55.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.46. Atlanta Braves had a positive return on equity of 0.08% and a negative net margin of 3.19%.The business had revenue of $61.30 million during the quarter, compared to the consensus estimate of $54.93 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.