Quantinno Capital Management LP Acquires 19,829 Shares of Atlanta Braves Holdings, Inc. $BATRA

Quantinno Capital Management LP grew its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 45.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,272 shares of the financial services provider’s stock after buying an additional 19,829 shares during the quarter. Quantinno Capital Management LP’s holdings in Atlanta Braves were worth $2,983,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BATRA. Renaissance Technologies LLC increased its stake in Atlanta Braves by 36.4% during the first quarter. Renaissance Technologies LLC now owns 334,700 shares of the financial services provider’s stock worth $15,781,000 after acquiring an additional 89,300 shares during the last quarter. Roundview Capital LLC lifted its stake in shares of Atlanta Braves by 12.7% in the 4th quarter. Roundview Capital LLC now owns 177,528 shares of the financial services provider’s stock valued at $7,543,000 after purchasing an additional 20,052 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Atlanta Braves by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,230,362 shares of the financial services provider’s stock valued at $94,768,000 after purchasing an additional 76,853 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Atlanta Braves by 4.8% in the 4th quarter. Gabelli Funds LLC now owns 905,400 shares of the financial services provider’s stock worth $38,470,000 after purchasing an additional 41,084 shares during the period. Finally, Krilogy Financial LLC bought a new position in shares of Atlanta Braves during the 1st quarter valued at approximately $504,000. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock opened at $53.46 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average is $55.29 and its two-hundred day moving average is $51.16. Atlanta Braves Holdings, Inc. has a 52 week low of $41.50 and a 52 week high of $58.37. The company has a market capitalization of $3.36 billion, a PE ratio of -52.93 and a beta of 0.64.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48). The company had revenue of $305.12 million for the quarter, compared to analysts’ expectations of $317.09 million. Atlanta Braves had a negative net margin of 8.56% and a negative return on equity of 7.45%. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post -0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has an average rating of “Reduce”.

Atlanta Braves 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.