Levin Capital Strategies L.P. Boosts Stake in Atlanta Braves Holdings, Inc. $BATRA

Levin Capital Strategies L.P. raised its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 266.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,500 shares of the financial services provider’s stock after buying an additional 20,000 shares during the period. Levin Capital Strategies L.P.’s holdings in Atlanta Braves were worth $1,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock valued at $266,000 after buying an additional 234 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Atlanta Braves by 25.1% during the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 242 shares during the last quarter. MAI Capital Management lifted its position in shares of Atlanta Braves by 5.4% during the first quarter. MAI Capital Management now owns 5,384 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 275 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Atlanta Braves by 2.9% during the second quarter. DAVENPORT & Co LLC now owns 11,425 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 325 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Atlanta Braves by 48.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 329 shares during the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone acquired 840 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was acquired at an average price of $41.99 per share, with a total value of $35,271.60. Following the transaction, the insider directly owned 372,547 shares in the company, valued at approximately $15,643,248.53. This represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $45.41, for a total transaction of $36,328.00. Following the sale, the insider directly owned 1,000 shares of the company’s stock, valued at approximately $45,410. This represents a 44.44% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,700 shares of company stock valued at $167,859. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atlanta Braves currently has an average rating of “Hold” and an average price target of $52.50.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA opened at $43.30 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.31. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $50.50. The firm has a 50-day simple moving average of $44.76 and a 200 day simple moving average of $45.71. The company has a market cap of $2.72 billion, a PE ratio of -123.71 and a beta of 0.63.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. Atlanta Braves had a negative net margin of 2.99% and a negative return on equity of 3.98%. The business had revenue of $312.44 million during the quarter, compared to the consensus estimate of $295.86 million. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current 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.