Seaport Res Ptn Forecasts Lower Earnings for Atlanta Braves

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) – 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

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.