Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Purchased by Sapient Capital LLC

Sapient Capital LLC grew its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,756 shares of the financial services provider’s stock after purchasing an additional 301 shares during the quarter. Sapient Capital LLC’s holdings in Atlanta Braves were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BATRA. Pinnacle Associates Ltd. purchased a new position in shares of Atlanta Braves during the third quarter worth approximately $1,695,000. FinTrust Capital Advisors LLC purchased a new position in shares of Atlanta Braves during the third quarter worth approximately $32,000. Cedar Wealth Management LLC purchased a new position in shares of Atlanta Braves during the third quarter worth approximately $82,000. MRP Capital Investments LLC grew its position in Atlanta Braves by 2.4% in the 3rd quarter. MRP Capital Investments LLC now owns 28,975 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 675 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Atlanta Braves in the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Price Performance

NASDAQ:BATRA traded down $0.79 during midday trading on Tuesday, reaching $40.34. The stock had a trading volume of 22,585 shares, compared to its average volume of 28,101. Atlanta Braves Holdings, Inc. has a 12-month low of $36.78 and a 12-month high of $54.94. The firm has a fifty day simple moving average of $41.38 and a two-hundred day simple moving average of $41.27. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.93 and a current ratio of 0.93.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The firm had revenue of $67.75 million during the quarter, compared to analyst estimates of $61.94 million. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.42 earnings per share for the current year.

Atlanta Braves 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.