Atlanta Braves (NASDAQ:BATRA) Hits New 52-Week High – What’s Next?

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) hit a new 52-week high during trading on Wednesday . The company traded as high as $57.47 and last traded at $57.7590, with a volume of 3232 shares. The stock had previously closed at $56.31.

Wall Street Analyst Weigh In

BATRA has been the topic of a number of analyst reports. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Atlanta Braves Stock Up 1.5%

The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -158.78 and a beta of 0.66. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s fifty day moving average is $54.26 and its 200-day moving average is $48.72.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.09. Atlanta Braves had a negative net margin of 2.97% and a positive return on equity of 0.25%. The business had revenue of $72.01 million for the quarter, compared to analyst estimates of $68.69 million. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. bought a new position in Atlanta Braves during the fourth quarter worth $3,252,000. Gabelli Funds LLC increased its stake in Atlanta Braves by 4.5% during the third quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock valued at $39,300,000 after purchasing an additional 36,995 shares during the last quarter. MRP Capital Investments LLC acquired a new stake in shares of Atlanta Braves during the third quarter worth $988,000. Gamco Investors INC. ET AL raised its holdings in shares of Atlanta Braves by 3.6% during the fourth 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 period. Finally, Roundview Capital LLC lifted its position in shares of Atlanta Braves by 12.7% in the 4th quarter. Roundview Capital LLC now owns 177,528 shares of the financial services provider’s stock worth $7,543,000 after buying an additional 20,052 shares during 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.