Cutter & CO Brokerage Inc. Invests $390,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Cutter & CO Brokerage Inc. acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,194 shares of the financial services provider's stock, valued at approximately $390,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Atlanta Braves in the fourth quarter worth $96,000. SG Americas Securities LLC raised its holdings in shares of Atlanta Braves by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider's stock worth $192,000 after acquiring an additional 959 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Atlanta Braves by 20.7% in the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider's stock worth $1,247,000 after acquiring an additional 5,066 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Atlanta Braves in the third quarter worth $133,000. Finally, Barclays PLC raised its holdings in shares of Atlanta Braves by 376.1% in the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider's stock worth $681,000 after acquiring an additional 12,775 shares during the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $41.94 per share, with a total value of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders acquired 44,932 shares of company stock worth $1,864,395. 4.83% of the stock is currently owned by insiders.

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Atlanta Braves Trading Up 2.1 %

Atlanta Braves stock traded up $0.90 during trading on Friday, hitting $44.13. The company's stock had a trading volume of 45,284 shares, compared to its average volume of 51,946. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -60.45 and a beta of 0.80. The stock's fifty day moving average is $41.86 and its 200 day moving average is $42.62. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65. 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 (NASDAQ:BATRA - Get Free Report) last released its 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 firm had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. As a group, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a "buy" rating and issued a $60.00 price target on shares of Atlanta Braves in a report on Thursday.

About Atlanta Braves

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.