Atlanta Braves (NASDAQ:BATRA) Reaches New 52-Week High – Should You Buy?

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, April 20th. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Atlanta Braves Stock Up 1.7%

The company has a market capitalization of $3.57 billion, a P/E ratio of -157.56 and a beta of 0.66. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average is $53.68 and its 200 day moving average is $48.24.

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

Hedge Funds Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC bought a new position in Atlanta Braves during the 1st quarter valued at approximately $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Atlanta Braves by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 234 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Atlanta Braves during the first quarter valued at $385,000. Legal & General Group Plc boosted its position in shares of Atlanta Braves by 8.3% during the second quarter. Legal & General Group Plc now owns 8,007 shares of the financial services provider’s stock valued at $394,000 after buying an additional 614 shares during the last quarter. 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 buying an additional 487 shares in the last quarter. Institutional investors own 12.31% of the company’s stock.

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.