Atlanta Braves (NASDAQ:BATRK) Hits New 52-Week Low – Here’s Why

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) hit a new 52-week low on Wednesday . The stock traded as low as $36.63 and last traded at $36.71, with a volume of 8488 shares trading hands. The stock had previously closed at $37.03.

Atlanta Braves Price Performance

The stock has a market capitalization of $1.86 billion, a P/E ratio of -50.12 and a beta of 0.72. The stock’s fifty day moving average is $39.59 and its two-hundred day moving average is $40.64.

Institutional Investors Weigh In On Atlanta Braves

Several hedge funds have recently modified their holdings of BATRK. Bank of New York Mellon Corp raised its holdings in shares of Atlanta Braves by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 178,903 shares of the financial services provider’s stock valued at $7,056,000 after acquiring an additional 28,879 shares during the period. Rhumbline Advisers lifted its holdings in shares of Atlanta Braves by 13.9% in the second quarter. Rhumbline Advisers now owns 71,651 shares of the financial services provider’s stock valued at $2,826,000 after purchasing an additional 8,733 shares in the last quarter. Parthenon LLC boosted its position in shares of Atlanta Braves by 8.4% in the second quarter. Parthenon LLC now owns 86,440 shares of the financial services provider’s stock worth $3,409,000 after buying an additional 6,686 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Atlanta Braves by 0.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 209,686 shares of the financial services provider’s stock worth $8,270,000 after buying an additional 1,493 shares during the period. Finally, Weik Capital Management raised its position in Atlanta Braves by 10.7% during the second quarter. Weik Capital Management now owns 10,350 shares of the financial services provider’s stock valued at $408,000 after buying an additional 1,000 shares during the period. 64.88% of the stock is owned by hedge funds and other 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.