Atlanta Braves (NASDAQ:BATRA - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.
Atlanta Braves Stock Performance
Shares of NASDAQ BATRA traded down $0.32 during midday trading on Friday, hitting $42.60. The company's stock had a trading volume of 37,937 shares, compared to its average volume of 53,236. Atlanta Braves has a 1-year low of $38.67 and a 1-year high of $50.50. The firm's fifty day moving average price is $45.30 and its 200-day moving average price is $45.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $2.67 billion, a P/E ratio of -121.71 and a beta of 0.64.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. Atlanta Braves had a negative net margin of 2.99% and a negative return on equity of 3.98%. The business had revenue of $312.44 million during the quarter, compared to analyst estimates of $295.86 million. On average, sell-side analysts forecast that Atlanta Braves will post -0.98 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $45.41, for a total value of $36,328.00. Following the sale, the insider directly owned 1,000 shares in the company, valued at $45,410. This trade represents a 44.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 3,700 shares of company stock valued at $167,859. Company insiders own 5.90% of the company's stock.
Institutional Trading of Atlanta Braves
Several hedge funds have recently bought and sold shares of BATRA. HRT Financial LP lifted its position in Atlanta Braves by 600.4% in the 2nd quarter. HRT Financial LP now owns 48,679 shares of the financial services provider's stock valued at $2,395,000 after purchasing an additional 41,729 shares during the last quarter. Nuveen LLC bought a new stake in Atlanta Braves in the 1st quarter valued at about $1,596,000. Balyasny Asset Management L.P. bought a new stake in Atlanta Braves in the 2nd quarter valued at about $1,516,000. GSA Capital Partners LLP bought a new stake in Atlanta Braves in the 1st quarter valued at about $900,000. Finally, Levin Capital Strategies L.P. lifted its position in Atlanta Braves by 266.7% in the 2nd quarter. Levin Capital Strategies L.P. now owns 27,500 shares of the financial services provider's stock valued at $1,353,000 after purchasing an additional 20,000 shares during the last quarter. 12.31% of the stock is currently owned by institutional investors.
About Atlanta Braves
(
Get Free Report)
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.
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