Atlanta Braves Holdings, Inc. $BATRA Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 36.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 334,700 shares of the financial services provider’s stock after purchasing an additional 89,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Atlanta Braves were worth $15,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Atlanta Braves by 490,606.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 245,353 shares of the financial services provider’s stock worth $10,425,000 after buying an additional 245,303 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Atlanta Braves by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock worth $31,172,000 after acquiring an additional 85,853 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Atlanta Braves by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,230,362 shares of the financial services provider’s stock valued at $94,768,000 after acquiring an additional 76,853 shares during the last quarter. HRT Financial LP increased its holdings in shares of Atlanta Braves by 600.4% in the 2nd quarter. HRT Financial LP now owns 48,679 shares of the financial services provider’s stock valued at $2,395,000 after acquiring an additional 41,729 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Atlanta Braves by 4.8% in the 4th quarter. Gabelli Funds LLC now owns 905,400 shares of the financial services provider’s stock valued at $38,470,000 after acquiring an additional 41,084 shares during the last quarter. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BATRA shares. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Atlanta Braves presently has an average rating of “Reduce”.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA opened at $54.41 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $41.50 and a 12 month high of $58.37. The firm has a market capitalization of $3.42 billion, a P/E ratio of -151.14 and a beta of 0.63. 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’s fifty day moving average price is $55.28 and its 200 day moving average price is $50.80.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings data 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. The company had revenue of $72.01 million during 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%. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current fiscal year.

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.