Dimensional Fund Advisors LP Sells 2,257 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Dimensional Fund Advisors LP cut its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,078 shares of the financial services provider’s stock after selling 2,257 shares during the quarter. Dimensional Fund Advisors LP owned about 0.37% of Atlanta Braves worth $9,550,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BATRA. Whittier Trust Co. bought a new stake in shares of Atlanta Braves during the 2nd quarter valued at $26,000. Nisa Investment Advisors LLC raised its stake in shares of Atlanta Braves by 1,500.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 600 shares during the period. Quent Capital LLC raised its stake in shares of Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares during the period. Quest Partners LLC bought a new position in Atlanta Braves in the 2nd quarter worth about $135,000. Finally, Wedbush Securities Inc. bought a new position in Atlanta Braves in the 2nd quarter worth about $209,000. 12.31% of the stock is currently owned by institutional investors.

Atlanta Braves Price Performance

BATRA opened at $41.64 on Tuesday. The stock has a 50-day moving average price of $44.24 and a 200-day moving average price of $42.74. Atlanta Braves Holdings, Inc. has a 12-month low of $36.78 and a 12-month high of $46.65. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $2.58 billion, a P/E ratio of -20.82 and a beta of 0.88.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The firm had revenue of $282.88 million during the quarter, compared to analysts’ expectations of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same period in the prior year, the business earned ($0.55) EPS. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current fiscal year.

Atlanta Braves 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.