Atlanta Braves (BATRK) Expected to Announce Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) is expected to post its results before the market opens on Wednesday, November 5th. Analysts expect Atlanta Braves to post earnings of $0.24 per share and revenue of $309.0640 million for the quarter.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.18). The company had revenue of $312.44 million for the quarter, compared to the consensus estimate of $296.36 million. On average, analysts expect Atlanta Braves to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock opened at $39.03 on Wednesday. The company has a market capitalization of $2.45 billion, a P/E ratio of -111.51 and a beta of 0.61. The company has a fifty day moving average of $41.63 and a 200 day moving average of $42.45. Atlanta Braves has a fifty-two week low of $35.46 and a fifty-two week high of $47.18.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $45.19, for a total transaction of $49,709.00. Following the completion of the transaction, the insider owned 1,800 shares of the company’s stock, valued at $81,342. This represents a 37.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 3,700 shares of company stock worth $167,859.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BATRK. Comerica Bank boosted its holdings in shares of Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 319 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Atlanta Braves during the 1st quarter valued at about $382,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Atlanta Braves by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,839 shares of the financial services provider’s stock valued at $1,194,000 after purchasing an additional 1,302 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Atlanta Braves by 12,972.7% in the 1st quarter. Jones Financial Companies Lllp now owns 18,694 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 18,551 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Atlanta Braves by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 269,383 shares of the financial services provider’s stock valued at $10,778,000 after acquiring an additional 21,883 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.00.

About Atlanta Braves

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.