Atlanta Braves (NASDAQ:BATRK - Get Free Report) released its earnings results on Monday. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.94) by $0.28, Zacks reports. The business had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million.
Atlanta Braves Stock Performance
Atlanta Braves stock traded up $0.25 during mid-day trading on Tuesday, reaching $41.21. 45,859 shares of the company were exchanged, compared to its average volume of 279,289. The firm has a market cap of $2.11 billion, a PE ratio of -56.45 and a beta of 0.56. Atlanta Braves has a twelve month low of $35.46 and a twelve month high of $44.43. The firm's 50-day simple moving average is $39.13 and its two-hundred day simple moving average is $39.22.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a research note on Friday, February 28th.
Read Our Latest Research Report on Atlanta Braves
Insider Activity
In related news, major shareholder John C. Malone bought 2,760 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the purchase, the insider now owns 214,118 shares of the company's stock, valued at $8,990,814.82. This represents a 1.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased 122,632 shares of company stock valued at $5,072,723 in the last ninety days. Company insiders own 11.43% of the company's stock.
Atlanta Braves Company Profile
(
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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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