SageView Advisory Group LLC Buys New Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BATRA. New York State Common Retirement Fund lifted its holdings in shares of Atlanta Braves by 16.0% during 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 acquiring an additional 627 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of Atlanta Braves in the fourth quarter worth about $215,000. Cullen Investment Group LTD. acquired a new stake in shares of Atlanta Braves in the fourth quarter valued at about $227,000. Johnson Investment Counsel Inc. purchased a new stake in shares of Atlanta Braves during the 4th quarter valued at about $342,000. Finally, Anchor Investment Management LLC acquired a new position in Atlanta Braves during the 4th quarter worth approximately $355,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Atlanta Braves in a research report on Thursday, May 16th.

Atlanta Braves Stock Down 1.0 %

Shares of NASDAQ BATRA opened at $40.28 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 0.80. Atlanta Braves Holdings, Inc. has a 1 year low of $36.78 and a 1 year high of $54.94. The stock’s 50-day simple moving average is $41.35 and its 200-day simple moving average is $41.88. The firm has a market cap of $2.49 billion and a price-to-earnings ratio of -20.14.

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

About Atlanta Braves

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.