MRP Capital Investments LLC Acquires 800 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

MRP Capital Investments LLC lifted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,375 shares of the financial services provider’s stock after buying an additional 800 shares during the period. MRP Capital Investments LLC’s holdings in Atlanta Braves were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BATRA. Proficio Capital Partners LLC purchased a new position in shares of Atlanta Braves in the 4th quarter worth $901,000. Barclays PLC lifted its position in Atlanta Braves by 376.1% during the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 12,775 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in Atlanta Braves during the fourth quarter valued at $390,000. Raymond James Financial Inc. purchased a new position in Atlanta Braves during the fourth quarter valued at $394,000. Finally, Intech Investment Management LLC purchased a new position in Atlanta Braves during the fourth quarter valued at $243,000. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Price Performance

Shares of Atlanta Braves stock opened at $43.24 on Friday. Atlanta Braves Holdings, Inc. has a 52 week low of $38.90 and a 52 week high of $46.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The stock’s 50-day simple moving average is $42.60 and its 200-day simple moving average is $42.37. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -59.23 and a beta of 0.73.

Atlanta Braves (NASDAQ:BATRA) last issued its 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 return on equity of 8.48% and a negative net margin of 6.56%. The firm had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. As a group, analysts expect 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 acquired 15,192 shares of Atlanta Braves stock in a transaction on Wednesday, January 22nd. The shares were bought at an average cost of $40.62 per share, with a total value of $617,099.04. Following the completion of the purchase, the insider now directly owns 146,020 shares of the company’s stock, valued at $5,931,332.40. The trade was a 11.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have bought 47,692 shares of company stock valued at $1,980,287. 4.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Atlanta Braves in a research 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.