Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC lessened its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 12.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,290 shares of the financial services provider’s stock after selling 1,004 shares during the quarter. Anchor Investment Management LLC’s holdings in Atlanta Braves were worth $301,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BATRA. SageView Advisory Group LLC purchased a new position in shares of Atlanta Braves during the fourth quarter worth about $265,000. Chickasaw Capital Management LLC grew its holdings in shares of Atlanta Braves by 2.9% during the first quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock worth $2,719,000 after buying an additional 1,825 shares during the last quarter. BlueChip Wealth Advisors LLC purchased a new position in shares of Atlanta Braves during the first quarter worth about $296,000. Quent Capital LLC grew its holdings in shares of Atlanta Braves by 1,607.7% during the first quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after buying an additional 627 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Atlanta Braves during the first quarter worth about $692,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Atlanta Braves Price Performance

Shares of BATRA opened at $42.04 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $36.78 and a twelve month high of $46.65. The stock’s 50 day moving average is $44.24 and its two-hundred day moving average is $42.71. The firm has a market capitalization of $2.60 billion, a PE ratio of -21.02 and a beta of 0.88. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. The company had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same quarter in the previous year, the company earned ($0.55) EPS. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current year.

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.