California State Teachers Retirement System Has $296,000 Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

California State Teachers Retirement System lowered its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 7.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,060 shares of the financial services provider’s stock after selling 573 shares during the period. California State Teachers Retirement System’s holdings in Atlanta Braves were worth $296,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. New York State Common Retirement Fund increased its stake in Atlanta Braves by 16.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,536 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 627 shares during the period. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Atlanta Braves in the fourth quarter valued at approximately $215,000. Sapient Capital LLC acquired a new stake in Atlanta Braves in the fourth quarter worth $490,000. Johnson Investment Counsel Inc. acquired a new stake in Atlanta Braves in the fourth quarter worth $342,000. Finally, SageView Advisory Group LLC acquired a new stake in Atlanta Braves in the fourth quarter worth $265,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Stock Down 0.5 %

Atlanta Braves stock opened at $44.82 on Monday. The company has a market cap of $2.77 billion and a P/E ratio of -22.41. Atlanta Braves Holdings, Inc. has a 1-year low of $36.78 and a 1-year high of $46.50. The company has a fifty day simple moving average of $43.27 and a 200 day simple moving average of $42.27. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.31.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. Atlanta Braves had a negative net margin of 18.35% and a negative return on equity of 25.95%. The company had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. During the same quarter last year, the firm posted ($0.55) EPS. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and set a $54.00 price objective on shares of Atlanta Braves in a research report on Thursday, May 16th.

Insider Activity

In related news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was bought at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the purchase, the insider now owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 3,000 shares of company stock valued at $121,765 in the last quarter. Company insiders own 4.83% of the company’s stock.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.