Mendota Financial Group LLC Cuts Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Mendota Financial Group LLC cut its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 19.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,610 shares of the financial services provider’s stock after selling 618 shares during the quarter. Mendota Financial Group LLC’s holdings in Atlanta Braves were worth $106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alden Global Capital LLC purchased a new stake in shares of Atlanta Braves during the 2nd quarter valued at about $1,301,000. Renaissance Technologies LLC boosted its holdings in Atlanta Braves by 7.9% in the second quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 17,000 shares during the last quarter. MRP Capital Investments LLC boosted its holdings in Atlanta Braves by 67.5% in the second quarter. MRP Capital Investments LLC now owns 40,075 shares of the financial services provider’s stock worth $1,656,000 after purchasing an additional 16,150 shares during the last quarter. Barclays PLC grew its position in Atlanta Braves by 376.1% in the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 12,775 shares during the period. Finally, Gabelli Funds LLC raised its stake in Atlanta Braves by 0.8% during the 2nd quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock valued at $34,615,000 after buying an additional 6,321 shares during the last quarter. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Stock Performance

BATRA stock opened at $39.50 on Tuesday. The company has a market cap of $2.44 billion, a P/E ratio of -54.11 and a beta of 0.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. Atlanta Braves Holdings, Inc. has a 1 year low of $38.90 and a 1 year high of $46.65. The stock’s fifty day moving average price is $41.43 and its 200-day moving average price is $42.94.

About Atlanta Braves

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.