Atlanta Braves (NASDAQ:BATRA) sets a new 12-month high at $46.65

Atlanta Braves Holdings, Inc. stock price. (NASDAQ:BATRA – Get Free Report ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $46.65 and last traded at $46.65, with a volume of 37589 shares traded. Shares previously closed at $45.94.

Analysts set new price targets

Separately, Benchmark reaffirmed a “buy” rating and set a $54.00 target price on shares of Atlanta Braves in a research report on Thursday, May 16th.

See our latest analysis on BATRA

Atlanta Braves price performance

The company has a market cap of $2.86 billion and a P/E ratio of -23.12. The company’s 50-day moving average price is $43.68 and its 200-day moving average price is $42.37. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.80, and a quick ratio of 0.80.

Atlanta Braves (NASDAQ:BATRA – Get Your Free Report ) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The firm had revenue of $282.88 million during the quarter, compared to analysts’ expectations of $288.20 million. The Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. In the same quarter last year, the company earned ($0.55) EPS. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider activity at the Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the purchase, the insider now directly owns 7,550 shares of the company’s stock, valued at $301,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In the last quarter, insiders bought 3,000 shares of company stock worth $121,765. 4.83% of shares are owned by insiders.

Hedge funds influence the Atlanta Braves

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in Atlanta Braves by 1,500.0% in the second quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after buying an additional 600 shares during the last quarter. Whittier Trust Co. purchased a new position in shares of Atlanta Braves during the second quarter valued at about $26,000. Quent Capital LLC boosted its holdings in shares of Atlanta Braves by 1,607.7% in the first quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after buying an additional 627 shares during the period. Quest Partners LLC purchased a new stake in Atlanta Braves in the second quarter valued at approximately $135,000. Finally, New York State Common Pension Fund boosted its stake in Atlanta Braves by 16.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,536 shares of the financial services provider’s stock valued at $194,000 after buying an additional 627 shares in the last quarter. Institutional investors own 12.31% of the company’s shares.

About the Atlanta Braves

(Get a free report)

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves major league baseball club. It also operates mixed-use development projects, including retail, office, hotel and entertainment projects. The company was founded in 2022 and is headquartered in Englewood, Colorado.

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