Atlanta Braves (BATRK) to Release Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) is expected to release its results before the market opens on Wednesday, November 5th. Analysts expect Atlanta Braves to post earnings of $0.24 per share and revenue of $309.0640 million for the quarter.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.18). The company had revenue of $312.44 million for the quarter, compared to the consensus estimate of $296.36 million. On average, analysts expect Atlanta Braves to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Atlanta Braves Stock Performance

Shares of BATRK opened at $40.72 on Monday. Atlanta Braves has a fifty-two week low of $35.46 and a fifty-two week high of $47.18. The firm’s 50-day simple moving average is $41.40 and its two-hundred day simple moving average is $42.53. The stock has a market cap of $2.56 billion, a PE ratio of -116.34 and a beta of 0.61.

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 840 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average price of $41.99 per share, for a total transaction of $35,271.60. Following the completion of the acquisition, the insider directly owned 372,547 shares in the company, valued at $15,643,248.53. This represents a 0.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $45.19, for a total transaction of $49,709.00. Following the sale, the insider owned 1,800 shares in the company, valued at approximately $81,342. The trade was a 37.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,700 shares of company stock valued at $167,859 in the last ninety days.

Institutional Investors Weigh In On Atlanta Braves

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Atlanta Braves by 12,972.7% during the first quarter. Jones Financial Companies Lllp now owns 18,694 shares of the financial services provider’s stock valued at $748,000 after buying an additional 18,551 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Atlanta Braves by 4.4% during the second quarter. Diversify Advisory Services LLC now owns 16,037 shares of the financial services provider’s stock valued at $712,000 after buying an additional 681 shares during the last quarter. Boothbay Fund Management LLC boosted its holdings in Atlanta Braves by 18.8% in the second quarter. Boothbay Fund Management LLC now owns 13,391 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 2,117 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Atlanta Braves in the first quarter worth approximately $382,000. Finally, BNP Paribas Financial Markets boosted its holdings in Atlanta Braves by 4.9% in the second quarter. BNP Paribas Financial Markets now owns 7,885 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $57.00.

Atlanta Braves Company Profile

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.