Atlanta Braves (BATRA) to Release Earnings on Thursday

Key Points

• Atlanta Braves (NASDAQ: BATRA) is set to release its earnings report on Thursday, August 7th, with analysts predicting earnings of $0.34 per share and revenue of $295.86 million.
• The company reported negative earnings of ($0.66) per share in its last quarterly report, exceeding expectations but indicating a challenging financial position.
• Major shareholder Mario J. Gabelli recently increased his stake in the company by purchasing 1,549 shares, while EVP Michael P. Plant sold 69,000 shares, highlighting mixed insider activities.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $295.86 million for the quarter.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.28. Atlanta Braves had a negative return on equity of 4.07% and a negative net margin of 3.18%. The business had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. On average, analysts expect Atlanta Braves to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Atlanta Braves Trading Down 1.0%

BATRA stock traded down $0.45 during trading on Friday, hitting $46.65. The company had a trading volume of 41,375 shares, compared to its average volume of 37,385. The business has a 50-day moving average of $47.31 and a 200-day moving average of $44.49. Atlanta Braves has a one year low of $38.67 and a one year high of $50.50. The stock has a market cap of $2.89 billion, a PE ratio of -133.28 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40.

Insiders Place Their Bets

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 72,505 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total transaction of $3,117,715.00. Following the transaction, the executive vice president directly owned 300,233 shares in the company, valued at approximately $12,910,019. This represents a 19.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deretta C. Rhodes sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $41.20, for a total value of $206,000.00. Following the transaction, the executive vice president owned 3,112 shares in the company, valued at $128,214.40. The trade was a 61.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,372 shares of company stock valued at $9,451,951 over the last 90 days. 4.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently modified their holdings of BATRA. AQR Capital Management LLC bought a new position in shares of Atlanta Braves in the 1st quarter worth $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider's stock worth $266,000 after purchasing an additional 234 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Atlanta Braves in the 1st quarter worth $385,000. 12.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup started coverage on Atlanta Braves in a report on Friday, June 13th. They issued a "neutral" rating and a $45.00 target price on the stock.

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.