Murphy Middleton Hinkle & Parker Inc. Makes New $3.25 Million Investment in Atlanta Braves Holdings, Inc. $BATRA

Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 76,530 shares of the financial services provider’s stock, valued at approximately $3,252,000. Atlanta Braves comprises 0.9% of Murphy Middleton Hinkle & Parker Inc.’s holdings, making the stock its 17th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Gabelli Funds LLC boosted its stake in shares of Atlanta Braves by 4.5% in the third quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock worth $39,300,000 after buying an additional 36,995 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Atlanta Braves by 14.3% in the third quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock valued at $31,172,000 after acquiring an additional 85,853 shares during the period. Focus Partners Wealth boosted its position in Atlanta Braves by 1.0% in the 3rd quarter. Focus Partners Wealth now owns 99,985 shares of the financial services provider’s stock worth $4,545,000 after purchasing an additional 951 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Atlanta Braves by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,211 shares of the financial services provider’s stock worth $2,420,000 after purchasing an additional 2,428 shares in the last quarter. Finally, HRT Financial LP grew its stake in shares of Atlanta Braves by 600.4% during the 2nd quarter. HRT Financial LP now owns 48,679 shares of the financial services provider’s stock worth $2,395,000 after purchasing an additional 41,729 shares during the period. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Stock Performance

NASDAQ BATRA opened at $46.48 on Tuesday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of -119.18 and a beta of 0.55. The stock has a 50-day moving average of $45.90 and a 200 day moving average of $44.33. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $50.50.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, major shareholder John C. Malone purchased 35,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the purchase, the insider owned 521,862 shares of the company’s stock, valued at $23,081,956.26. The trade was a 7.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.90% of the stock is owned by company insiders.

About Atlanta Braves

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.