Atlanta Braves (NASDAQ:BATRA) Issues Quarterly Earnings Results

Atlanta Braves (NASDAQ:BATRA) released its quarterly earnings results on Wednesday. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47, Zacks reports. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRA traded up $0.87 on Wednesday, hitting $43.69. The company had a trading volume of 15,672 shares, compared to its average volume of 52,099. Atlanta Braves has a 1-year low of $38.90 and a 1-year high of $46.65. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -59.88 and a beta of 0.80. The stock has a 50 day moving average price of $41.66 and a 200 day moving average price of $42.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Insider Activity

In related news, major shareholder John C. Malone purchased 5,094 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $41.94 per share, with a total value of $213,642.36. Following the completion of the purchase, the insider now directly owns 169,522 shares in the company, valued at $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have bought 44,932 shares of company stock valued at $1,864,395. 4.83% of the stock is owned by insiders.

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.