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

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

Analysts Set New Price Targets

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

Atlanta Braves Stock Performance

The business’s fifty day moving average price is $43.34 and its 200-day moving average price is $42.31. The stock has a market cap of $2.48 billion, a PE ratio of -54.96 and a beta of 0.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70.

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

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 24,646 shares of the company’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 purchase, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders bought 47,692 shares of company stock worth $1,980,287. 4.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Atlanta Braves by 5,387.2% in the first quarter. GAMMA Investing LLC now owns 52,951 shares of the financial services provider’s stock worth $23,230,000 after purchasing an additional 51,986 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of Atlanta Braves by 2.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider’s stock valued at $746,000 after buying an additional 400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Atlanta Braves by 11.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,107 shares of the financial services provider’s stock worth $698,000 after buying an additional 1,696 shares during the period. Squarepoint Ops LLC purchased a new stake in Atlanta Braves in the 4th quarter worth $210,000. Finally, Nuveen Asset Management LLC raised its holdings in Atlanta Braves by 1.5% during the fourth quarter. Nuveen Asset Management LLC now owns 36,354 shares of the financial services provider’s stock valued at $1,483,000 after acquiring an additional 540 shares during the period. 12.31% of the stock is currently owned by hedge funds and other 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.