Atlanta Braves (NASDAQ:BATRA) Sets New 52-Week High – Here’s What Happened

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $58.13 and last traded at $57.9870, with a volume of 41944 shares traded. The stock had previously closed at $55.74.

Analysts Set New Price Targets

Several research firms have recently weighed in on BATRA. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Atlanta Braves Stock Up 4.5%

The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $54.81 and a 200 day simple moving average of $49.48. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -161.74 and a beta of 0.63.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.09. Atlanta Braves had a positive return on equity of 0.25% and a negative net margin of 2.97%.The company had revenue of $72.01 million for the quarter, compared to analyst estimates of $68.69 million. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BATRA. AQR Capital Management LLC acquired a new position in shares of Atlanta Braves during the first quarter valued at about $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 234 shares during the last quarter. Jane Street Group LLC bought a new position in Atlanta Braves in the 1st quarter valued at about $385,000. Legal & General Group Plc lifted its position in Atlanta Braves by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 8,007 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 614 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

About Atlanta Braves

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on?field performance, the Braves operate a diversified sports and entertainment business.