Atlanta Braves (NASDAQ:BATRA) Stock Passes Below Fifty Day Moving Average of $41.47

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $41.47 and traded as low as $41.01. Atlanta Braves shares last traded at $41.16, with a volume of 15,577 shares trading hands.

Atlanta Braves Stock Performance

The business’s 50-day simple moving average is $41.47 and its 200-day simple moving average is $41.25. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.93 and a quick ratio of 0.93.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.30). The business had revenue of $67.75 million for the quarter, compared to analysts’ expectations of $61.94 million. As a group, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sapient Capital LLC increased its position in shares of Atlanta Braves by 2.6% during the first quarter. Sapient Capital LLC now owns 11,756 shares of the financial services provider’s stock valued at $493,000 after buying an additional 301 shares during the period. Aurora Investment Counsel boosted its stake in Atlanta Braves by 1.0% during the third quarter. Aurora Investment Counsel now owns 40,448 shares of the financial services provider’s stock worth $1,580,000 after acquiring an additional 398 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Atlanta Braves by 16.0% during the fourth quarter. New York State Common Retirement Fund now owns 4,536 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 627 shares in the last quarter. MRP Capital Investments LLC boosted its stake in Atlanta Braves by 2.4% during the third quarter. MRP Capital Investments LLC now owns 28,975 shares of the financial services provider’s stock worth $1,093,000 after acquiring an additional 675 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Atlanta Braves during the third quarter worth about $27,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

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.