Atlanta Braves (BATRA) Projected to Post Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) is projected to announce its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of ($0.74) per share and revenue of $54.9340 million for the quarter.

Atlanta Braves Trading Up 1.3%

Shares of NASDAQ:BATRA opened at $47.78 on Monday. The business has a 50-day moving average price of $43.83 and a 200-day moving average price of $44.19. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -1,194.20 and a beta of 0.63. Atlanta Braves has a 52-week low of $38.67 and a 52-week high of $50.50. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.32.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.50.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone acquired 35,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the completion of the transaction, the insider owned 521,862 shares of the company’s stock, valued at $23,081,956.26. The trade was a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Atlanta Braves

A number of large investors have recently made changes to their positions in BATRA. EverSource Wealth Advisors LLC increased its holdings in Atlanta Braves by 1,873.1% in the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after buying an additional 487 shares during the last quarter. State of Wyoming purchased a new stake in shares of Atlanta Braves in the second quarter valued at about $70,000. Quarry LP acquired a new stake in Atlanta Braves during the 3rd quarter worth approximately $74,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Atlanta Braves by 145.5% during the third quarter. CIBC Private Wealth Group LLC now owns 1,726 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 1,023 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Atlanta Braves by 59.6% in the third quarter. Russell Investments Group Ltd. now owns 1,803 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 673 shares in the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Company Profile

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.