Atlanta Braves (NASDAQ:BATRA - Get Free Report) announced its quarterly earnings results on Monday. The financial services provider reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.28, Zacks reports. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $47.21 million during the quarter, compared to analysts' expectations of $36.87 million.
Atlanta Braves Price Performance
Shares of BATRA stock traded up $0.51 during trading hours on Thursday, reaching $44.83. 41,842 shares of the company were exchanged, compared to its average volume of 43,387. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -61.41 and a beta of 0.61. Atlanta Braves has a fifty-two week low of $38.67 and a fifty-two week high of $46.65. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The stock's fifty day moving average is $42.94 and its two-hundred day moving average is $42.36.
Insider Buying and Selling
In related news, EVP Deretta C. Rhodes sold 5,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $41.20, for a total value of $206,000.00. Following the transaction, the executive vice president now directly owns 3,112 shares in the company, valued at approximately $128,214.40. This represents a 61.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder John C. Malone bought 38,452 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were bought at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the completion of the transaction, the insider now owns 254,428 shares in the company, valued at approximately $10,248,359.84. This trade represents a 17.80% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 122,632 shares of company stock valued at $5,072,723 over the last ninety days. Insiders own 4.83% of the company's stock.
Wall Street Analyst Weigh In
Separately, Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 27th.
Check Out Our Latest Report on Atlanta Braves
About Atlanta Braves
(
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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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