Atlanta Braves (NASDAQ:BATRK) Sets New 1-Year Low – Here’s What Happened

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) hit a new 52-week low on Monday . The stock traded as low as $35.46 and last traded at $37.05, with a volume of 53985 shares. The stock had previously closed at $37.25.

Analysts Set New Price Targets

Separately, StockNews.com raised Atlanta Braves to a “sell” rating in a report on Friday, February 28th.

Atlanta Braves Stock Up 5.4 %

The company’s 50-day simple moving average is $39.44 and its 200 day simple moving average is $39.37. The company has a market capitalization of $1.95 billion, a P/E ratio of -52.16 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. As a group, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 2,760 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the transaction, the insider now directly owns 214,118 shares of the company’s stock, valued at approximately $8,990,814.82. This trade represents a 1.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 47,692 shares of company stock worth $1,980,287. Company insiders own 11.43% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently added to or reduced their stakes in BATRK. Federated Hermes Inc. acquired a new position in Atlanta Braves during the 4th quarter worth $40,000. R Squared Ltd bought a new position in Atlanta Braves in the fourth quarter valued at about $41,000. Versant Capital Management Inc increased its position in Atlanta Braves by 335.7% in the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,400 shares during the period. PNC Financial Services Group Inc. raised its holdings in Atlanta Braves by 25.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 463 shares during the last quarter. Finally, US Bancorp DE lifted its position in Atlanta Braves by 17.7% during the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 430 shares during the period. 64.88% of the stock is owned by institutional investors.

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.