Northwestern Mutual Wealth Management Co. Acquires 245,303 Shares of Atlanta Braves Holdings, Inc. $BATRA

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 490,606.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,353 shares of the financial services provider’s stock after purchasing an additional 245,303 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Atlanta Braves were worth $10,425,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BATRA. Vanguard Group Inc. raised its holdings in Atlanta Braves by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock valued at $31,172,000 after acquiring an additional 85,853 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Atlanta Braves in the 4th quarter worth approximately $3,252,000. HRT Financial LP lifted its position in shares of Atlanta Braves by 600.4% in the 2nd quarter. HRT Financial LP now owns 48,679 shares of the financial services provider’s stock worth $2,395,000 after acquiring an additional 41,729 shares during the period. Gabelli Funds LLC lifted its position in shares of Atlanta Braves by 4.5% in the 3rd quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock worth $39,300,000 after acquiring an additional 36,995 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Atlanta Braves in the 2nd quarter worth approximately $1,516,000. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Price Performance

Shares of BATRA stock opened at $53.49 on Friday. The stock has a 50 day moving average of $50.68 and a two-hundred day moving average of $46.37. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a 12 month low of $41.50 and a 12 month high of $56.06. The company has a market capitalization of $3.37 billion, a P/E ratio of -148.58 and a beta of 0.68.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, April 20th. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $45.00.

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.