Atlanta Braves’ (BATRA) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Atlanta Braves (NASDAQ:BATRA) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $60.00 target price on the financial services provider’s stock.

Atlanta Braves Stock Performance

BATRA opened at $43.30 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The company’s fifty day moving average price is $41.78 and its two-hundred day moving average price is $42.62. Atlanta Braves has a 1-year low of $38.90 and a 1-year high of $46.65. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -59.32 and a beta of 0.80.

Atlanta Braves (NASDAQ:BATRA) last posted its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The firm had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. On average, analysts expect that Atlanta Braves will post -0.98 EPS for the current fiscal year.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 24,646 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the transaction, the insider now directly owns 211,358 shares of the company’s stock, valued at $8,864,354.52. This trade represents a 13.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 44,932 shares of company stock worth $1,864,395. 4.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cutter & CO Brokerage Inc. purchased a new stake in shares of Atlanta Braves in the fourth quarter worth about $390,000. Barclays PLC lifted its holdings in shares of Atlanta Braves by 376.1% in the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after buying an additional 12,775 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Atlanta Braves by 1.4% in the third quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock worth $11,817,000 after buying an additional 3,798 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Atlanta Braves by 24.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider’s stock worth $650,000 after buying an additional 3,074 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Atlanta Braves by 20.7% in the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider’s stock worth $1,247,000 after buying an additional 5,066 shares in the last quarter. 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.