Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Get Free Report)’s stock 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 traded. The stock had previously closed at $55.81.
Analyst Ratings Changes
A number of research firms have commented on BATRA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, April 20th. 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 issued a Sell rating to the company. According to MarketBeat, Atlanta Braves has a consensus rating of “Reduce”.
Check Out Our Latest Report on Atlanta Braves
Atlanta Braves Trading Down 1.0%
Atlanta Braves (NASDAQ:BATRA – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.09. Atlanta Braves had a positive return on equity of 0.25% and a negative net margin of 2.97%.The business had revenue of $72.01 million during the quarter, compared to analyst estimates of $68.69 million. On average, analysts predict that Atlanta Braves Holdings, Inc. will post 0.22 EPS for the current year.
Institutional Investors Weigh In On Atlanta Braves
Institutional investors and hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL grew its stake in shares of Atlanta Braves by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,230,362 shares of the financial services provider’s stock worth $94,768,000 after purchasing an additional 76,853 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Atlanta Braves by 1.3% during the first quarter. Gabelli Funds LLC now owns 917,332 shares of the financial services provider’s stock worth $43,252,000 after buying an additional 11,932 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Atlanta Braves by 14.3% during the third quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock worth $31,172,000 after buying an additional 85,853 shares in the last quarter. Renaissance Technologies LLC grew its position in Atlanta Braves by 36.4% in the first quarter. Renaissance Technologies LLC now owns 334,700 shares of the financial services provider’s stock worth $15,781,000 after buying an additional 89,300 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Atlanta Braves by 490,606.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 245,353 shares of the financial services provider’s stock worth $10,425,000 after buying an additional 245,303 shares during the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.
About Atlanta Braves
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.
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