Atlanta Braves (NASDAQ:BATRA) Hits New 12-Month High - What's Next?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $50.35 and last traded at $49.94, with a volume of 19718 shares. The stock had previously closed at $49.31.

Analyst Upgrades and Downgrades

Separately, Citigroup began coverage on shares of Atlanta Braves in a research note on Friday, June 13th. They issued a "neutral" rating and a $45.00 price objective for the company.

Atlanta Braves Trading Up 1.5%

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $3.10 billion, a P/E ratio of -142.97 and a beta of 0.69. The business has a 50-day moving average price of $45.96 and a two-hundred day moving average price of $43.68.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last posted 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. The firm had revenue of $47.21 million during the quarter, compared to the consensus estimate of $36.87 million. Atlanta Braves had a negative return on equity of 4.07% and a negative net margin of 3.18%. On average, analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 8,371 shares of the business's stock in a transaction on Monday, April 21st. The shares were acquired at an average price of $41.94 per share, for a total transaction of $351,079.74. Following the completion of the acquisition, the insider owned 371,707 shares in the company, valued at approximately $15,589,391.58. The trade was a 2.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deretta C. Rhodes sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total value of $206,000.00. Following the completion of the transaction, the executive vice president owned 3,112 shares in the company, valued at $128,214.40. This represents a 61.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 35,553 shares of company stock valued at $1,493,357 and have sold 217,372 shares valued at $9,451,951. Corporate insiders own 4.83% of the company's stock.

Institutional Trading of Atlanta Braves

A number of hedge funds have recently bought and sold shares of BATRA. GAMMA Investing LLC increased its position in Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock worth $53,000 after buying an additional 242 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Atlanta Braves in the fourth quarter worth $53,000. BNP Paribas Financial Markets purchased a new stake in Atlanta Braves in the fourth quarter worth $59,000. PNC Financial Services Group Inc. increased its position in Atlanta Braves by 157.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after buying an additional 914 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Atlanta Braves in the first quarter worth $211,000. 12.31% of the stock is currently owned by institutional investors.

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.