Raymond James Financial Inc. Invests $394,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Raymond James Financial 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 filing with the SEC. The fund acquired 9,669 shares of the financial services provider's stock, valued at approximately $394,000.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Atlanta Braves in the fourth quarter worth about $96,000. Wilmington Savings Fund Society FSB acquired a new stake in Atlanta Braves in the 3rd quarter valued at about $133,000. SG Americas Securities LLC lifted its stake in 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 worth $192,000 after purchasing an additional 959 shares in the last quarter. Pacific Global Investment Management Co. boosted its stake in Atlanta Braves by 5.1% during the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock worth $210,000 after buying an additional 249 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at about $390,000. Institutional investors and hedge funds own 12.31% of the company's stock.

Atlanta Braves Trading Down 0.3 %

BATRA traded down $0.14 during mid-day trading on Friday, hitting $42.13. 137,297 shares of the stock were exchanged, compared to its average volume of 41,397. The firm's fifty day moving average is $43.13 and its two-hundred day moving average is $42.23. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $46.65. The company has a market cap of $2.61 billion, a PE ratio of -57.71 and a beta of 0.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone purchased 38,452 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the completion of the purchase, the insider now directly owns 254,428 shares of the company's stock, valued at approximately $10,248,359.84. This trade represents a 17.80 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders bought 86,144 shares of company stock valued at $3,529,134. Insiders own 4.83% of the company's stock.

Analyst Ratings Changes

Separately, Benchmark restated a "buy" rating and set a $60.00 price target on shares of Atlanta Braves in a report on Thursday, February 27th.

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.