Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $58.90 and last traded at $58.65, with a volume of 4683 shares changing hands. The stock had previously closed at $58.09.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Atlanta Braves presently has an average rating of “Reduce”.
Get Our Latest Analysis on Atlanta Braves
Atlanta Braves Stock Up 0.6%
Atlanta Braves (NASDAQ:BATRA – Get Free Report) last posted its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48). The company had revenue of $305.12 million during the quarter, compared to analyst estimates of $317.09 million. Atlanta Braves had a negative net margin of 8.56% and a negative return on equity of 7.45%. As a group, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.41 earnings per share for the current year.
Hedge Funds Weigh In On Atlanta Braves
Several large investors have recently bought and sold shares of the business. State Street Corp lifted its stake in Atlanta Braves by 10.6% during the second quarter. State Street Corp now owns 238,949 shares of the financial services provider’s stock worth $13,455,000 after purchasing an additional 22,888 shares during the last quarter. Waverly Advisors LLC purchased a new position in Atlanta Braves in the second quarter valued at approximately $230,000. Nykredit A S purchased a new position in Atlanta Braves in the second quarter valued at approximately $87,000. Corient Private Wealth LP raised its holdings in Atlanta Braves by 68.7% during the second quarter. Corient Private Wealth LP now owns 9,987 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 4,067 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in Atlanta Braves during the second quarter worth approximately $238,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.
About Atlanta Braves
Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The Braves compete in MLB’s National League East and generate revenue through ticket sales, premium seating, sponsorships, broadcasting and digital rights, licensing, merchandise, concessions, and other team-related activities.
The company also owns and operates Truist Park, the Braves’ home stadium, and The Battery Atlanta, a mixed-use development surrounding the ballpark.
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