Atlanta Braves Holdings, Inc. $BATRA Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC lowered its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 53.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after buying an additional 487 shares during the last quarter. State of Wyoming bought a new position in Atlanta Braves during the 2nd quarter valued at $70,000. CWM LLC grew its holdings in Atlanta Braves by 149.5% during the fourth quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 873 shares during the period. Quarry LP bought a new stake in shares of Atlanta Braves in the 3rd quarter worth approximately $74,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Atlanta Braves by 145.5% in 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 buying an additional 1,023 shares in the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Price Performance

NASDAQ:BATRA opened at $56.97 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.46 and a quick ratio of 0.46. The company has a fifty day moving average price of $54.31 and a 200 day moving average price of $48.81. Atlanta Braves Holdings, Inc. has a one year low of $41.50 and a one year high of $57.83. The stock has a market cap of $3.58 billion, a P/E ratio of -158.25 and a beta of 0.63.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $72.01 million for the quarter, compared to analyst estimates of $68.69 million. Analysts anticipate that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, April 20th. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock 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.