Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.94 and last traded at $46.44, with a volume of 40080 shares trading hands. The stock had previously closed at $45.49.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on BATRA shares. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Atlanta Braves in a research report on Thursday, February 27th. Citigroup initiated coverage on Atlanta Braves in a research note on Friday, June 13th. They issued a "neutral" rating and a $45.00 price target on the stock.
Check Out Our Latest Analysis on BATRA
Atlanta Braves Price Performance
The company's 50-day moving average price is $43.97 and its two-hundred day moving average price is $42.76. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $3.04 billion, a P/E ratio of -140.20 and a beta of 0.57.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating analysts' consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Atlanta Braves had a negative net margin of 3.18% and a negative return on equity of 4.07%. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.
Insider Activity
In other Atlanta Braves news, major shareholder Mario J. Gabelli bought 1,549 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were purchased at an average price of $43.45 per share, for a total transaction of $67,304.05. Following the transaction, the insider now directly owns 27,152 shares in the company, valued at approximately $1,179,754.40. This trade represents a 6.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John C. Malone purchased 38,452 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was acquired 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 of the company's stock, valued at $10,248,359.84. This represents a 17.80% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 121,872 shares of company stock valued at $5,043,730 and have sold 147,272 shares valued at $6,322,139. 4.83% of the stock is owned by company insiders.
Hedge Funds Weigh In On Atlanta Braves
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BATRA. Rhumbline Advisers increased its holdings in Atlanta Braves by 5.2% in the 1st quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider's stock valued at $756,000 after buying an additional 848 shares during the period. Anchor Investment Management LLC increased its stake in shares of Atlanta Braves by 7.4% in the first quarter. Anchor Investment Management LLC now owns 7,290 shares of the financial services provider's stock valued at $320,000 after buying an additional 500 shares during the period. Jane Street Group LLC acquired a new position in Atlanta Braves in the 1st quarter valued at approximately $385,000. SageView Advisory Group LLC raised its position in Atlanta Braves by 32.9% during the 1st quarter. SageView Advisory Group LLC now owns 8,075 shares of the financial services provider's stock worth $354,000 after purchasing an additional 1,998 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Atlanta Braves by 4.0% during 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 buying an additional 234 shares during the period. 12.31% of the stock is owned by institutional investors and hedge funds.
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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