Levin Capital Strategies L.P. Sells 9,132 Shares of Atlanta Braves Holdings, Inc. $BATRA

Levin Capital Strategies L.P. cut its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 40.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,500 shares of the financial services provider’s stock after selling 9,132 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Atlanta Braves were worth $637,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in shares of Atlanta Braves by 1,873.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 487 shares in the last quarter. State of Wyoming bought a new stake in Atlanta Braves during the second quarter worth about $70,000. CWM LLC grew its holdings in Atlanta Braves by 149.5% in the fourth quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 873 shares during the period. Quarry LP purchased a new stake in Atlanta Braves in the third quarter worth about $74,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Atlanta Braves by 145.5% during the third quarter. CIBC Private Wealth Group LLC now owns 1,726 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,023 shares in the last quarter. 12.31% of the stock is currently owned by institutional investors.

Atlanta Braves Price Performance

BATRA opened at $55.19 on Thursday. The firm has a market cap of $3.47 billion, a PE ratio of -153.31 and a beta of 0.63. The stock has a 50-day moving average price of $55.17 and a 200-day moving average price of $50.27. Atlanta Braves Holdings, Inc. has a 1 year low of $41.50 and a 1 year high of $58.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.46 and a quick ratio of 0.46.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BATRA. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research report on Friday, July 17th. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report 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’s stock. Based on data from MarketBeat.com, Atlanta Braves currently has an average rating of “Reduce”.

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.