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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $58.13 and last traded at $57.9870, with a volume of 41944 shares changing hands. The stock had previously closed at $55.74.

Analyst Ratings Changes

BATRA has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, April 20th. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Atlanta Braves Stock Down 0.8%

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $3.59 billion, a P/E ratio of -158.36 and a beta of 0.63. The company’s 50-day simple moving average is $54.97 and its two-hundred day simple moving average is $49.69.

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

Institutional Trading of Atlanta Braves

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in shares of Atlanta Braves in the first quarter worth about $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Atlanta Braves by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 234 shares during the period. Jane Street Group LLC bought a new position in shares of Atlanta Braves during the 1st quarter valued at approximately $385,000. Legal & General Group Plc grew its stake in shares of Atlanta Braves by 8.3% during the 2nd quarter. Legal & General Group Plc now owns 8,007 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 614 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Atlanta Braves by 1,873.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 12.31% of the company’s stock.

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.