Atlanta Braves (NASDAQ:BATRA) Sees Strong Trading Volume

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) shares saw unusually-high trading volume on Friday . Approximately 17,904 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 29,258 shares.The stock last traded at $44.00 and had previously closed at $44.20.

Atlanta Braves Price Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50 day moving average price of $44.85 and a two-hundred day moving average price of $42.61. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -22.10 and a beta of 0.90.

Atlanta Braves (NASDAQ:BATRA) last released 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 analyst estimates of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same period last year, the business posted ($0.55) earnings per share. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current year.

Insider Activity at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the acquisition, the insider now owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.83% of the stock is currently owned by company insiders.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently bought and sold shares of BATRA. SageView Advisory Group LLC purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at about $265,000. Gabelli Funds LLC lifted its holdings in shares of Atlanta Braves by 0.5% in the 4th quarter. Gabelli Funds LLC now owns 831,200 shares of the financial services provider’s stock valued at $35,559,000 after purchasing an additional 4,000 shares during the last quarter. Chickasaw Capital Management LLC lifted its holdings in shares of Atlanta Braves by 2.9% in the 1st quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock valued at $2,719,000 after purchasing an additional 1,825 shares during the last quarter. BlueChip Wealth Advisors LLC acquired a new position in Atlanta Braves in the 1st quarter valued at about $296,000. Finally, Quent Capital LLC increased its position in Atlanta Braves by 1,607.7% in the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares during the period. 12.31% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Company Profile

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.