Levin Capital Strategies L.P. Decreases Stock Holdings in Atlanta Braves Holdings, Inc. $BATRA

Levin Capital Strategies L.P. trimmed its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 40.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,500 shares of the financial services provider’s stock after selling 9,132 shares during the period. Levin Capital Strategies L.P.’s holdings in Atlanta Braves were worth $637,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BATRA. EverSource Wealth Advisors LLC increased 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 purchasing an additional 487 shares during the period. CWM LLC raised its position in 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 stake in Atlanta Braves in the 2nd quarter worth approximately $70,000. Quarry LP purchased a new stake in Atlanta Braves in the 3rd quarter worth approximately $74,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Atlanta Braves by 145.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,726 shares of the financial services provider’s stock worth $78,000 after buying an additional 1,023 shares during the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $55.19 on Thursday. Atlanta Braves Holdings, Inc. has a 1 year low of $41.50 and a 1 year high of $58.37. 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 company’s 50-day moving average is $55.17 and its 200 day moving average is $50.27. The stock has a market capitalization of $3.47 billion, a P/E ratio of -153.31 and a beta of 0.63.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.09. The business had revenue of $72.01 million during the quarter, compared to analyst estimates of $68.69 million. Atlanta Braves had a negative net margin of 2.97% and a positive return on equity of 0.25%. On average, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BATRA has been the topic of several research analyst reports. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

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.