Atlanta Braves (NASDAQ:BATRA) Reaches New 12-Month Low – Here’s What Happened

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $39.58 and last traded at $39.74, with a volume of 32170 shares changing hands. The stock had previously closed at $39.92.

Atlanta Braves Stock Down 0.4 %

The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $41.68 and a 200-day simple moving average of $42.97. The stock has a market cap of $2.46 billion, a P/E ratio of -54.47 and a beta of 0.78.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently bought and sold shares of BATRA. Alden Global Capital LLC bought a new stake in shares of Atlanta Braves during the 2nd quarter valued at $1,301,000. Renaissance Technologies LLC increased its holdings in Atlanta Braves by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock valued at $9,626,000 after buying an additional 17,000 shares during the period. MRP Capital Investments LLC lifted its holdings in shares of Atlanta Braves by 67.5% during the 2nd quarter. MRP Capital Investments LLC now owns 40,075 shares of the financial services provider’s stock worth $1,656,000 after acquiring an additional 16,150 shares during the period. Barclays PLC boosted its position in shares of Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 12,775 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Atlanta Braves by 0.8% in the second quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock valued at $34,615,000 after acquiring an additional 6,321 shares during the last quarter. 12.31% of the stock is owned by 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.