Atlanta Braves (NASDAQ:BATRK) Trading Down 2.8% – Here’s What Happened

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) shares traded down 2.8% on Friday . The company traded as low as $39.92 and last traded at $39.93. 42,033 shares changed hands during trading, a decline of 81% from the average session volume of 221,440 shares. The stock had previously closed at $41.07.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities decreased their target price on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

Atlanta Braves Trading Down 2.5 %

The stock’s 50-day moving average price is $41.19 and its two-hundred day moving average price is $40.29. The stock has a market capitalization of $2.03 billion, a P/E ratio of -20.54 and a beta of 0.71.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $288.20 million. During the same quarter in the previous year, the business earned ($0.55) EPS. On average, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current year.

Hedge Funds Weigh In On Atlanta Braves

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in Atlanta Braves by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 341 shares during the last quarter. Delphi Management Inc. MA lifted its stake in shares of Atlanta Braves by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock valued at $1,863,000 after purchasing an additional 388 shares during the period. Hahn Capital Management LLC increased its position in shares of Atlanta Braves by 33.7% in the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock valued at $77,000 after buying an additional 495 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Atlanta Braves by 25.0% in the third quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 600 shares during the last quarter. Finally, Redmont Wealth Advisors LLC boosted its holdings in shares of Atlanta Braves by 4.2% during the 1st quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Company Profile

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.