Quantinno Capital Management LP Boosts Stake in Atlanta Braves Holdings, Inc. $BATRA

Quantinno Capital Management LP increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 45.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,272 shares of the financial services provider’s stock after purchasing an additional 19,829 shares during the quarter. Quantinno Capital Management LP owned approximately 0.10% of Atlanta Braves worth $2,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BATRA. Renaissance Technologies LLC lifted its position in shares of Atlanta Braves by 36.4% during the 1st quarter. Renaissance Technologies LLC now owns 334,700 shares of the financial services provider’s stock valued at $15,781,000 after buying an additional 89,300 shares in the last quarter. Roundview Capital LLC raised its stake in Atlanta Braves by 12.7% during the 4th quarter. Roundview Capital LLC now owns 177,528 shares of the financial services provider’s stock worth $7,543,000 after acquiring an additional 20,052 shares during the period. Gamco Investors INC. ET AL raised its stake in Atlanta Braves by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,230,362 shares of the financial services provider’s stock worth $94,768,000 after acquiring an additional 76,853 shares during the period. Gabelli Funds LLC lifted its holdings in Atlanta Braves by 4.8% during the fourth quarter. Gabelli Funds LLC now owns 905,400 shares of the financial services provider’s stock valued at $38,470,000 after purchasing an additional 41,084 shares in the last quarter. Finally, Krilogy Financial LLC bought a new position in shares of Atlanta Braves in the first quarter worth approximately $504,000. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BATRA has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities 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.com, the stock currently has an average rating of “Reduce”.

Atlanta Braves Stock Performance

BATRA opened at $53.46 on Friday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -52.93 and a beta of 0.64. The company has a fifty day moving average of $55.29 and a 200 day moving average of $51.16. Atlanta Braves Holdings, Inc. has a fifty-two week low of $41.50 and a fifty-two week high of $58.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 0.49.

Atlanta Braves (NASDAQ:BATRA) last posted its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48). The firm had revenue of $305.12 million during the quarter, compared to analysts’ expectations of $317.09 million. Atlanta Braves had a negative return on equity of 7.45% and a negative net margin of 8.56%. As a group, sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

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.