Atlanta Braves (NASDAQ:BATRA – Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.36), FiscalAI reports. Atlanta Braves had a negative net margin of 8.56% and a negative return on equity of 7.45%. The company had revenue of $324.63 million for the quarter, compared to analysts’ expectations of $347.36 million.
Atlanta Braves Stock Down 1.4%
Atlanta Braves stock traded down $0.79 during midday trading on Wednesday, hitting $55.62. 45,760 shares of the stock were exchanged, compared to its average volume of 62,042. Atlanta Braves has a 52-week low of $41.50 and a 52-week high of $60.48. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -55.03 and a beta of 0.64. The business’s 50-day moving average price is $56.25 and its 200-day moving average price is $52.65. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.06.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.
Get Our Latest Analysis on BATRA
Insider Transactions at Atlanta Braves
In other Atlanta Braves news, EVP Derek Gordon Schiller sold 175,395 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $53.20, for a total value of $9,331,014.00. Following the completion of the sale, the executive vice president owned 316,908 shares in the company, valued at approximately $16,859,505.60. This trade represents a 35.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Heller sold 80,263 shares of Atlanta Braves stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $53.89, for a total transaction of $4,325,373.07. Following the transaction, the executive vice president directly owned 22,741 shares in the company, valued at approximately $1,225,512.49. This represents a 77.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.40% 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 organization’s primary activities include professional baseball operations, game-day ticketing, premium seating, sponsorships, broadcasting and digital media, concessions, licensing, and the sale of team merchandise.
The company also owns and operates Truist Park, the Braves’ home stadium, and The Battery Atlanta, a mixed-use development adjacent to the ballpark.
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