MRP Capital Investments LLC Buys Shares of 20,075 Atlanta Braves Holdings, Inc. $BATRA

MRP Capital Investments LLC bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,075 shares of the financial services provider’s stock, valued at approximately $988,000.

A number of other large investors also recently modified their holdings of BATRA. Gabelli Funds LLC grew its position in shares of Atlanta Braves by 4.5% during the 3rd quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock valued at $39,300,000 after buying an additional 36,995 shares during the last quarter. Quarry LP acquired a new stake in Atlanta Braves during the third quarter worth about $74,000. State of Wyoming bought a new position in Atlanta Braves in the second quarter worth about $70,000. EverSource Wealth Advisors LLC boosted its stake in Atlanta Braves by 1,873.1% in the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 487 shares during the period. Finally, R Squared Ltd acquired a new position in Atlanta Braves in the third quarter valued at approximately $455,000. 12.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 35,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were bought at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the completion of the acquisition, the insider owned 521,862 shares in the company, valued at approximately $23,081,956.26. This represents a 7.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.90% of the company’s stock.

Atlanta Braves Stock Down 2.0%

BATRA stock opened at $47.10 on Thursday. The stock has a market cap of $2.96 billion, a PE ratio of -120.77 and a beta of 0.55. The firm’s 50-day simple moving average is $45.70 and its 200 day simple moving average is $44.35. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $50.50. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.16.

Atlanta Braves (NASDAQ:BATRA) last posted its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.46. Atlanta Braves had a negative net margin of 3.19% and a positive return on equity of 0.08%. The firm had revenue of $61.30 million during the quarter, compared to analyst estimates of $54.93 million. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Wall Street Analyst Weigh In

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

Atlanta Braves Profile

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.