Atlanta Braves Holdings, Inc. to Post Q3 2024 Earnings of $0.25 Per Share, Seaport Res Ptn Forecasts (NASDAQ:BATRK)

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) - Equities researchers at Seaport Res Ptn raised their Q3 2024 earnings per share (EPS) estimates for Atlanta Braves in a report released on Thursday, May 9th. Seaport Res Ptn analyst D. Joyce now forecasts that the financial services provider will post earnings of $0.25 per share for the quarter, up from their prior forecast of $0.19. The consensus estimate for Atlanta Braves' current full-year earnings is ($0.18) per share. Seaport Res Ptn also issued estimates for Atlanta Braves' Q1 2025 earnings at ($0.92) EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at ($0.35) EPS.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.30). The business had revenue of $67.75 million during the quarter, compared to analysts' expectations of $61.94 million.

Separately, TheStreet lowered shares of Atlanta Braves from a "c-" rating to a "d+" rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.00.

Atlanta Braves Stock Performance

NASDAQ:BATRK traded down $0.65 during mid-day trading on Friday, reaching $38.61. The stock had a trading volume of 173,260 shares, compared to its average volume of 172,557. The stock has a 50-day simple moving average of $38.45 and a two-hundred day simple moving average of $38.23. Atlanta Braves has a 12 month low of $33.95 and a 12 month high of $50.15.

Institutional Trading of Atlanta Braves

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Moran Wealth Management LLC lifted its holdings in shares of Atlanta Braves by 4.7% in the fourth quarter. Moran Wealth Management LLC now owns 6,394 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 287 shares in the last quarter. Third Avenue Management LLC raised its position in Atlanta Braves by 1.2% in the 4th quarter. Third Avenue Management LLC now owns 26,000 shares of the financial services provider's stock valued at $1,029,000 after buying an additional 300 shares during the last quarter. Dfpg Investments LLC lifted its stake in Atlanta Braves by 4.4% during the 4th quarter. Dfpg Investments LLC now owns 10,435 shares of the financial services provider's stock valued at $402,000 after acquiring an additional 441 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Atlanta Braves by 31.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider's stock worth $97,000 after acquiring an additional 583 shares during the last quarter. Finally, Redmont Wealth Advisors LLC grew its stake in shares of Atlanta Braves by 4.2% in the 1st quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider's stock worth $601,000 after acquiring an additional 614 shares in the last quarter. Institutional investors own 64.88% of the company's stock.

About Atlanta Braves

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.