Seaport Res Ptn Forecasts Lower Earnings for Atlanta Braves

Atlanta Braves Holdings, Inc. (NASDAQ:BATRAFree Report) – Stock analysts at Seaport Res Ptn reduced their FY2024 earnings estimates for Atlanta Braves in a research note issued on Wednesday, November 6th. Seaport Res Ptn analyst D. Joyce now forecasts that the financial services provider will earn ($0.98) per share for the year, down from their previous estimate of ($0.39). The consensus estimate for Atlanta Braves’ current full-year earnings is ($0.98) per share. Seaport Res Ptn also issued estimates for Atlanta Braves’ Q4 2024 earnings at ($0.78) EPS, Q1 2025 earnings at ($1.07) EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at ($0.52) EPS, FY2025 earnings at ($0.79) EPS and FY2026 earnings at ($0.56) EPS.

Atlanta Braves Trading Up 0.9 %

NASDAQ BATRA opened at $43.28 on Monday. Atlanta Braves has a 12-month low of $36.94 and a 12-month high of $46.65. The firm has a 50-day moving average price of $43.04 and a two-hundred day moving average price of $42.98. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Atlanta Braves by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock worth $9,626,000 after acquiring an additional 17,000 shares in the last quarter. Aurora Investment Counsel lifted its stake in Atlanta Braves by 12.1% during the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 4,945 shares during the last quarter. Alden Global Capital LLC acquired a new stake in shares of Atlanta Braves in the 2nd quarter valued at $1,301,000. GAMMA Investing LLC increased its stake in shares of Atlanta Braves by 5,336.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Atlanta Braves by 1,500.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after buying an additional 600 shares in the last quarter. 12.31% of the stock is currently owned by institutional investors.

About Atlanta Braves

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

See Also

Earnings History and Estimates for Atlanta Braves (NASDAQ:BATRA)

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