Atlanta Braves (NASDAQ:BATRA) Shares Cross Below 50-Day Moving Average – Should You Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $42.40 and traded as low as $42.04. Atlanta Braves shares last traded at $42.41, with a volume of 24,669 shares.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Stock Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $2.62 billion, a PE ratio of -58.10 and a beta of 0.73. The company’s 50-day moving average price is $42.40 and its two-hundred day moving average price is $42.38.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder John C. Malone acquired 15,192 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the acquisition, the insider now owns 146,020 shares in the company, valued at approximately $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 47,692 shares of company stock valued at $1,980,287 over the last quarter. 4.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atlanta Braves

Large investors have recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. bought a new position in shares of Atlanta Braves during the fourth quarter valued at about $390,000. Barclays PLC raised its position in Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 12,775 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Atlanta Braves during the 4th quarter valued at approximately $901,000. Geode Capital Management LLC lifted its holdings in Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock worth $11,817,000 after buying an additional 3,798 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Atlanta Braves by 24.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider’s stock worth $650,000 after buying an additional 3,074 shares during the last quarter. 12.31% 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.