Atlanta Braves (NASDAQ:BATRA) Hits New 52-Week Low – What’s Next?

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) hit a new 52-week low during trading on Wednesday . The stock traded as low as $39.58 and last traded at $39.74, with a volume of 32170 shares traded. The stock had previously closed at $39.92.

Atlanta Braves Stock Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $2.42 billion, a PE ratio of -53.66 and a beta of 0.78. The company’s 50 day moving average price is $41.50 and its 200-day moving average price is $42.92.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC boosted its stake in Atlanta Braves by 1,607.7% in the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares during the period. US Bancorp DE bought a new position in shares of Atlanta Braves in the third quarter valued at approximately $28,000. GAMMA Investing LLC grew its stake in Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,014 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Atlanta Braves by 460.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,180 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Atlanta Braves during the 3rd quarter worth approximately $133,000. Institutional investors own 12.31% 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.