Atlanta Braves (NASDAQ:BATRA) Announces Quarterly Earnings Results, Misses Estimates By $0.48 EPS

Atlanta Braves (NASDAQ:BATRA) issued its quarterly earnings data on Wednesday. The financial services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.48), FiscalAI reports. Atlanta Braves had a negative net margin of 2.97% and a positive return on equity of 0.25%. The firm had revenue of $305.12 million for the quarter, compared to analysts’ expectations of $317.09 million.

Atlanta Braves Trading Down 3.6%

Shares of BATRA traded down $1.97 during trading hours on Wednesday, hitting $52.83. The company had a trading volume of 172,633 shares, compared to its average volume of 63,033. Atlanta Braves has a 52-week low of $41.50 and a 52-week high of $58.37. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average price is $55.34 and its 200 day moving average price is $51.01. The firm has a market cap of $3.32 billion, a P/E ratio of -146.74 and a beta of 0.64.

Analyst Upgrades and Downgrades

BATRA has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, July 17th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BATRA. Corient Private Wealth LLC grew its holdings in Atlanta Braves by 4.0% in the 4th quarter. Corient Private Wealth LLC now owns 5,417 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 206 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Atlanta Braves by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 234 shares during the last quarter. Simplex Trading LLC increased its holdings in Atlanta Braves by 8.4% during the 4th quarter. Simplex Trading LLC now owns 3,938 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 305 shares during the period. Occudo Quantitative Strategies LP raised its position in Atlanta Braves by 6.1% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 6,262 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 359 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Atlanta Braves by 35.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,774 shares of the financial services provider’s stock worth $87,000 after buying an additional 463 shares during the period. 12.31% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Company Profile

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.