Atlanta Braves (NASDAQ:BATRA) Upgraded at Zacks Research

Atlanta Braves (NASDAQ:BATRA) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Atlanta Braves presently has an average rating of “Hold” and a consensus target price of $45.00.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $48.35 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $3.04 billion, a P/E ratio of -123.97 and a beta of 0.55. Atlanta Braves has a 1-year low of $38.67 and a 1-year high of $50.50. The company’s 50-day moving average is $44.52 and its 200 day moving average is $44.25.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.46. Atlanta Braves had a positive return on equity of 0.08% and a negative net margin of 3.19%.The firm had revenue of $61.30 million for the quarter, compared to analysts’ expectations of $54.93 million. Research analysts forecast that Atlanta Braves will post -0.98 EPS for the current year.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone purchased 35,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the transaction, the insider owned 521,862 shares of the company’s stock, valued at $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Atlanta Braves

A number of hedge funds have recently added to or reduced their stakes in BATRA. EverSource Wealth Advisors LLC increased its position in Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 487 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Atlanta Braves by 44.4% during the third quarter. Ameritas Advisory Services LLC now owns 950 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 292 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Atlanta Braves by 48.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock valued at $50,000 after buying an additional 329 shares during the period. Jones Financial Companies Lllp raised its stake in Atlanta Braves by 47.7% in the third quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock worth $56,000 after buying an additional 398 shares in the last quarter. Finally, CWM LLC raised its stake in Atlanta Braves by 149.5% in the fourth quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock worth $62,000 after buying an additional 873 shares in the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

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.