Atlanta Braves (NASDAQ:BATRA) Hits New 12-Month High – Here’s What Happened

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $57.18 and last traded at $57.2820, with a volume of 31428 shares. The stock had previously closed at $55.81.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, April 20th. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Atlanta Braves Trading Up 1.7%

The stock has a market cap of $3.57 billion, a PE ratio of -157.56 and a beta of 0.66. The firm has a 50-day simple moving average of $53.68 and a 200-day simple moving average of $48.24. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.09. Atlanta Braves had a positive return on equity of 0.25% and a negative net margin of 2.97%.The company had revenue of $72.01 million during the quarter, compared to analysts’ expectations of $68.69 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current year.

Institutional Trading of Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Atlanta Braves in the fourth quarter worth $3,252,000. Gabelli Funds LLC boosted its stake in Atlanta Braves by 4.5% in the third quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock worth $39,300,000 after buying an additional 36,995 shares in the last quarter. MRP Capital Investments LLC bought a new position in Atlanta Braves during the third quarter valued at approximately $988,000. Gamco Investors INC. ET AL grew its position in Atlanta Braves by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,230,362 shares of the financial services provider’s stock valued at $94,768,000 after acquiring an additional 76,853 shares during the last quarter. Finally, Roundview Capital LLC raised its stake in shares of Atlanta Braves by 12.7% during the fourth quarter. Roundview Capital LLC now owns 177,528 shares of the financial services provider’s stock worth $7,543,000 after acquiring an additional 20,052 shares in the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

About Atlanta Braves

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.