Atlanta Braves (NASDAQ:BATRK) Reaches New 1-Year Low – Time to Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $35.81 and last traded at $36.55, with a volume of 264993 shares trading hands. The stock had previously closed at $36.10.

Atlanta Braves Price Performance

The business’s 50-day simple moving average is $39.30 and its two-hundred day simple moving average is $40.58. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -50.07 and a beta of 0.72.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quent Capital LLC raised its position in Atlanta Braves by 568.4% in the third quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,404 shares during the last quarter. nVerses Capital LLC raised its holdings in Atlanta Braves by 25.0% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock valued at $119,000 after buying an additional 600 shares during the last quarter. Quest Partners LLC grew its holdings in Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Atlanta Braves during the 3rd quarter worth approximately $205,000. Finally, FORA Capital LLC acquired a new position in Atlanta Braves in the 3rd quarter valued at approximately $211,000. Institutional investors own 64.88% of the company’s stock.

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.