Atlanta Braves (NASDAQ:BATRA) Sets New 52-Week High at $46.65

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) shares hit a new 52-week high on Friday . The company traded as high as $46.65 and last traded at $46.65, with a volume of 37589 shares. The stock had previously closed at $45.94.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Atlanta Braves in a research note on Thursday, May 16th.

Atlanta Braves Stock Performance

The business has a 50 day moving average price of $43.58 and a two-hundred day moving average price of $42.35. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $2.88 billion and a P/E ratio of -22.97.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. Atlanta Braves had a negative net margin of 18.35% and a negative return on equity of 25.95%. During the same period in the prior year, the business posted ($0.55) EPS. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was bought at an average cost of $39.96 per share, with a total value of $79,920.00. Following the completion of the purchase, the insider now owns 7,550 shares of the company’s stock, valued at approximately $301,698. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 3,000 shares of company stock valued at $121,765. Insiders own 4.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in Atlanta Braves by 1,500.0% in the second quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 600 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of Atlanta Braves in the 2nd quarter worth about $26,000. Quent Capital LLC raised its position in shares of Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after buying an additional 627 shares in the last quarter. Quest Partners LLC bought a new position in shares of Atlanta Braves in the 2nd quarter valued at about $135,000. Finally, New York State Common Retirement Fund grew its position in Atlanta Braves by 16.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,536 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 627 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.