MRP Capital Investments LLC Invests $1.02 Million in Atlanta Braves Holdings, Inc. $BATRA

MRP Capital Investments LLC bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the third quarter, HoldingsChannel.com reports. The fund bought 20,775 shares of the financial services provider’s stock, valued at approximately $1,022,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in Atlanta Braves by 1,873.1% during the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after buying an additional 487 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Atlanta Braves by 44.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 950 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 292 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Atlanta Braves by 48.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 329 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Atlanta Braves by 47.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 398 shares during the period. Finally, State of Wyoming acquired a new stake in Atlanta Braves during the 2nd quarter valued at $70,000. Institutional investors own 12.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BATRA shares. Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.50.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 35,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the completion of the transaction, the insider owned 521,862 shares in the company, valued at approximately $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.90% of the company’s stock.

Atlanta Braves Trading Up 0.2%

BATRA stock opened at $47.94 on Thursday. Atlanta Braves Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $50.50. The company has a market capitalization of $3.02 billion, a PE ratio of -1,198.20 and a beta of 0.63. The company’s 50-day simple moving average is $43.67 and its 200 day simple moving average is $44.21. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.87.

Atlanta Braves Company 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.