Rhumbline Advisers Increases Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Rhumbline Advisers boosted its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,139 shares of the financial services provider’s stock after acquiring an additional 1,254 shares during the period. Rhumbline Advisers’ holdings in Atlanta Braves were worth $708,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Whittier Trust Co. purchased a new position in shares of Atlanta Braves during the 2nd quarter worth approximately $26,000. Bank of New York Mellon Corp grew its stake in Atlanta Braves by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 35,224 shares of the financial services provider’s stock worth $1,456,000 after purchasing an additional 4,071 shares during the period. Nisa Investment Advisors LLC raised its holdings in Atlanta Braves by 1,500.0% in the second quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Welch Group LLC bought a new position in Atlanta Braves in the second quarter worth $867,000. Finally, Aurora Investment Counsel lifted its position in Atlanta Braves by 1.6% during the first quarter. Aurora Investment Counsel now owns 40,778 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 653 shares during the period. 12.31% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $42.71 on Wednesday. The company has a 50 day simple moving average of $44.74 and a two-hundred day simple moving average of $42.67. Atlanta Braves Holdings, Inc. has a fifty-two week low of $36.78 and a fifty-two week high of $46.65. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -21.36 and a beta of 0.90. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The firm had revenue of $282.88 million for 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 firm posted ($0.55) earnings per share. Analysts expect that Atlanta Braves Holdings, Inc. will post -0.39 EPS 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.