Gabelli Funds LLC raised its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Free Report) by 1.3% during the first quarter, HoldingsChannel reports. The firm owned 917,332 shares of the financial services provider’s stock after purchasing an additional 11,932 shares during the period. Gabelli Funds LLC’s holdings in Atlanta Braves were worth $43,252,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Atlanta Braves by 1,873.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 487 shares in the last quarter. CWM LLC increased its position in shares of Atlanta Braves by 149.5% during the 4th quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 873 shares during the last quarter. State of Wyoming purchased a new position in shares of Atlanta Braves during the 2nd quarter valued at about $70,000. Quarry LP purchased a new position in shares of Atlanta Braves during the 3rd quarter valued at about $74,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Atlanta Braves by 145.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,726 shares of the financial services provider’s stock valued at $78,000 after buying an additional 1,023 shares in the last quarter. Institutional investors own 12.31% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on BATRA shares. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
Atlanta Braves Stock Performance
Atlanta Braves stock opened at $55.04 on Friday. The firm has a fifty day simple moving average of $55.19 and a two-hundred day simple moving average of $50.38. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a twelve month low of $41.50 and a twelve month high of $58.37. The company has a market capitalization of $3.46 billion, a PE ratio of -152.89 and a beta of 0.63.
Atlanta Braves (NASDAQ:BATRA – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.09. The firm had revenue of $72.01 million for the quarter, compared to analysts’ expectations of $68.69 million. Atlanta Braves had a positive return on equity of 0.25% and a negative net margin of 2.97%. Research analysts expect that Atlanta Braves Holdings, Inc. will post 0.22 EPS for the current year.
About Atlanta Braves
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.
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