Atlanta Braves (BATRA) Expected to Announce Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) is expected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Atlanta Braves to post earnings of ($0.78) per share and revenue of $48.20 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Atlanta Braves Stock Up 0.2 %

NASDAQ BATRA opened at $43.91 on Wednesday. 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 company’s 50 day simple moving average is $41.41 and its 200 day simple moving average is $42.63. Atlanta Braves has a 12 month low of $38.90 and a 12 month high of $46.65. The company has a market capitalization of $2.72 billion, a P/E ratio of -60.14 and a beta of 0.80.

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 24,646 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the acquisition, the insider now directly owns 211,358 shares of the company’s stock, valued at $8,864,354.52. The trade was a 13.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 45,232 shares of company stock worth $1,876,845 in the last ninety days. 4.83% of the stock is currently owned by corporate insiders.

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.