Cutter & CO Brokerage Inc. Takes Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Cutter & CO Brokerage Inc. acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,194 shares of the financial services provider’s stock, valued at approximately $390,000.

Several other hedge funds and other institutional investors have also modified their holdings of BATRA. R Squared Ltd acquired a new position in Atlanta Braves during the 4th quarter worth approximately $96,000. SG Americas Securities LLC lifted its position in Atlanta Braves by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 959 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Atlanta Braves by 20.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 5,066 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Atlanta Braves during the 3rd quarter worth approximately $133,000. Finally, Barclays PLC lifted its position in Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 12,775 shares in the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone bought 24,646 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $41.94 per share, with a total value of $1,033,653.24. Following the transaction, the insider now directly owns 211,358 shares in the company, valued at approximately $8,864,354.52. This trade represents a 13.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 44,932 shares of company stock valued at $1,864,395. Corporate insiders own 4.83% of the company’s stock.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $42.82 on Wednesday. The stock’s 50 day moving average price is $41.66 and its 200 day moving average price is $42.61. The firm has a market capitalization of $2.65 billion, a PE ratio of -58.66 and a beta of 0.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. Atlanta Braves Holdings, Inc. has a one year low of $38.90 and a one year high of $46.65.

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.