Atlanta Braves (NASDAQ:BATRK) Reaches New 1-Year Low – Should You Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRKGet Free Report)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $36.63 and last traded at $36.71, with a volume of 8488 shares trading hands. The stock had previously closed at $37.03.

Atlanta Braves Trading Down 1.1 %

The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -50.16 and a beta of 0.72. The firm has a 50-day moving average of $39.47 and a 200 day moving average of $40.58.

Institutional Trading of Atlanta Braves

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after purchasing an additional 92,248 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Atlanta Braves in the 3rd quarter worth about $507,000. Barclays PLC increased its holdings in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after buying an additional 50,702 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Atlanta Braves in the third quarter valued at about $205,000. Finally, Quarry LP boosted its stake in Atlanta Braves by 0.9% in the third quarter. Quarry LP now owns 51,562 shares of the financial services provider’s stock valued at $2,052,000 after acquiring an additional 456 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

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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