Atlanta Braves (NASDAQ:BATRA) Reaches New 1-Year Low – Here’s Why

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $38.67 and last traded at $40.72, with a volume of 39842 shares traded. The stock had previously closed at $41.28.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Trading Down 2.8 %

The firm has a market cap of $2.48 billion, a PE ratio of -54.96 and a beta of 0.61. The firm has a fifty day simple moving average of $43.34 and a two-hundred day simple moving average of $42.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.47. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder John C. Malone acquired 2,760 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 47,692 shares of company stock worth $1,980,287 over the last three months. Company insiders own 4.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL boosted its holdings in Atlanta Braves by 1.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock worth $92,257,000 after acquiring an additional 21,955 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Atlanta Braves by 7.7% in the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider’s stock worth $11,595,000 after purchasing an additional 20,200 shares during the last quarter. Geode Capital Management LLC boosted its stake in Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock worth $11,817,000 after purchasing an additional 3,798 shares in the last quarter. State Street Corp grew its position in Atlanta Braves by 1.3% during the 3rd quarter. State Street Corp now owns 266,968 shares of the financial services provider’s stock valued at $11,253,000 after purchasing an additional 3,432 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Atlanta Braves by 0.5% during the 4th quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock valued at $3,902,000 after purchasing an additional 436 shares in the last quarter. 12.31% of the stock is currently owned by institutional investors.

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.