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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRAGet Free Report) 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.

Check Out Our Latest Stock Report on BATRA

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:BATRAGet Free Report) 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

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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.

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