Krilogy Financial LLC Takes Position in Atlanta Braves Holdings, Inc. $BATRA

Krilogy Financial LLC acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,013 shares of the financial services provider’s stock, valued at approximately $504,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 487 shares during the period. State of Wyoming purchased a new position in Atlanta Braves in the 2nd quarter worth approximately $70,000. CWM LLC increased its stake in Atlanta Braves by 149.5% in the 4th quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 873 shares during the period. Quarry LP bought a new stake in Atlanta Braves in the third quarter valued at approximately $74,000. Finally, CIBC Private Wealth Group LLC lifted its position in Atlanta Braves by 145.5% in the third quarter. CIBC Private Wealth Group LLC now owns 1,726 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,023 shares during the last quarter. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Stock Up 1.6%

NASDAQ BATRA opened at $56.51 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $3.56 billion, a PE ratio of -156.97 and a beta of 0.66. Atlanta Braves Holdings, Inc. has a 1 year low of $41.50 and a 1 year high of $57.42. The business’s 50-day moving average is $54.06 and its 200 day moving average is $48.48.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results 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 company had revenue of $72.01 million for the quarter, compared to the consensus estimate of $68.69 million. Atlanta Braves had a positive return on equity of 0.25% and a negative net margin of 2.97%. Sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BATRA shares. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

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.