Deltec Asset Management LLC Sells 16,891 Shares of Atlanta Braves Holdings, Inc. $BATRA

Deltec Asset Management LLC reduced its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 53.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,956 shares of the financial services provider’s stock after selling 16,891 shares during the quarter. Deltec Asset Management LLC’s holdings in Atlanta Braves were worth $705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BATRA. Krilogy Financial LLC acquired a new position in Atlanta Braves during the 1st quarter worth $504,000. Corient Private Wealth LLC boosted its holdings in Atlanta Braves by 4.0% during the fourth quarter. Corient Private Wealth LLC now owns 5,417 shares of the financial services provider’s stock worth $230,000 after buying an additional 206 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Atlanta Braves by 42.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,624 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 2,286 shares during the last quarter. Susquehanna Portfolio Strategies LLC acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $318,000. Finally, Balyasny Asset Management L.P. grew its stake in Atlanta Braves by 1.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 27,650 shares of the financial services provider’s stock valued at $1,175,000 after acquiring an additional 512 shares during the period. Institutional investors and hedge funds own 12.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, April 20th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $56.97 on Thursday. Atlanta Braves Holdings, Inc. has a 1-year low of $41.50 and a 1-year high of $57.83. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.12. The firm has a market cap of $3.58 billion, a P/E ratio of -158.25 and a beta of 0.63. The business’s 50 day moving average is $54.31 and its 200-day moving average is $48.81.

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

Atlanta Braves Company 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.