Atlanta Braves Holdings, Inc. $BATRA Shares Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. raised its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 266.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 27,500 shares of the financial services provider’s stock after acquiring an additional 20,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Atlanta Braves were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BATRA. Ameritas Advisory Services LLC bought a new position in shares of Atlanta Braves in the second quarter valued at approximately $32,000. Nisa Investment Advisors LLC boosted its holdings in shares of 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. GAMMA Investing LLC boosted its holdings in shares of Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 242 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Atlanta Braves by 52.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,283 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 788 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Atlanta Braves in the first quarter valued at approximately $211,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Trading Up 0.4%

Shares of NASDAQ:BATRA opened at $43.30 on Tuesday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -123.71 and a beta of 0.63. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $50.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day moving average price of $44.76 and a 200 day moving average price of $45.71.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $312.44 million during the quarter, compared to analysts’ expectations of $295.86 million. Atlanta Braves had a negative net margin of 2.99% and a negative return on equity of 3.98%. On average, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Atlanta Braves has a consensus rating of “Hold” and an average price target of $52.50.

Insider Activity

In other Atlanta Braves news, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $45.41, for a total transaction of $36,328.00. Following the sale, the insider owned 1,000 shares in the company, valued at approximately $45,410. The trade was a 44.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder John C. Malone acquired 840 shares of the business’s stock in a transaction on Monday, October 27th. The shares were bought at an average price of $41.99 per share, for a total transaction of $35,271.60. Following the acquisition, the insider owned 372,547 shares in the company, valued at approximately $15,643,248.53. This trade represents a 0.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,700 shares of company stock worth $167,859. Corporate 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.