SageView Advisory Group LLC Takes $265,000 Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

SageView Advisory Group LLC purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,002 shares of the financial services provider’s stock, valued at approximately $265,000.

Other institutional investors have also made changes to their positions in the company. Aurora Investment Counsel grew its stake in Atlanta Braves by 1.0% in the third quarter. Aurora Investment Counsel now owns 40,448 shares of the financial services provider’s stock valued at $1,580,000 after purchasing an additional 398 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Atlanta Braves by 16.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,536 shares of the financial services provider’s stock valued at $194,000 after buying an additional 627 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Atlanta Braves by 1.9% in the third quarter. Qube Research & Technologies Ltd now owns 51,799 shares of the financial services provider’s stock worth $2,024,000 after buying an additional 974 shares during the last quarter. Gabelli Funds LLC raised its position in Atlanta Braves by 0.5% during the fourth quarter. Gabelli Funds LLC now owns 831,200 shares of the financial services provider’s stock valued at $35,559,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Atlanta Braves in the fourth quarter valued at approximately $215,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA opened at $40.28 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $2.49 billion and a P/E ratio of -20.14. The business has a 50-day moving average of $41.35 and a two-hundred day moving average of $41.88. Atlanta Braves Holdings, Inc. has a fifty-two week low of $36.78 and a fifty-two week high of $54.94.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. The company had revenue of $37.08 million for the quarter, compared to the consensus estimate of $39.63 million. On average, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $54.00 price target on shares of Atlanta Braves in a research note on Thursday, May 16th.

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.