Atlanta Braves (NASDAQ:BATRK) Hits New 12-Month Low – Should You Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $35.81 and last traded at $36.55, with a volume of 264993 shares changing hands. The stock had previously closed at $36.10.

Atlanta Braves Stock Performance

The stock has a 50 day simple moving average of $39.12 and a two-hundred day simple moving average of $40.54. The firm has a market cap of $1.89 billion, a PE ratio of -50.82 and a beta of 0.72.

Institutional Trading of Atlanta Braves

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. raised its position in shares of Atlanta Braves by 42.9% during the 2nd quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider’s stock worth $52,119,000 after purchasing an additional 396,720 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter worth approximately $6,736,000. HBK Investments L P grew its holdings in shares of Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after buying an additional 174,300 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Atlanta Braves by 76.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock valued at $12,554,000 after acquiring an additional 137,124 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Atlanta Braves by 123.0% in the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after purchasing an additional 92,248 shares during the last quarter. Institutional investors and hedge funds 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.