Krilogy Financial LLC Acquires New Stake in Atlanta Braves Holdings, Inc. $BATRA

Krilogy Financial LLC bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,013 shares of the financial services provider’s stock, valued at approximately $504,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in shares of Atlanta Braves by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 5,417 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 206 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Atlanta Braves by 42.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,624 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 2,286 shares during the last quarter. Susquehanna Portfolio Strategies LLC bought a new stake in Atlanta Braves during the fourth quarter valued at approximately $318,000. Balyasny Asset Management L.P. grew its stake in Atlanta Braves by 1.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 27,650 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 512 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Atlanta Braves in the 4th quarter worth approximately $201,000. 12.31% of the stock is currently owned by institutional investors.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRA opened at $56.51 on Friday. The stock’s 50-day moving average is $54.06 and its 200 day moving average is $48.48. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -156.97 and a beta of 0.66. Atlanta Braves Holdings, Inc. has a 1-year low of $41.50 and a 1-year high of $57.42. 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 (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 the consensus estimate 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 analyst estimates of $68.69 million. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, April 20th. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Atlanta Braves currently has a consensus rating of “Reduce”.

About Atlanta Braves

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.