Seaport Res Ptn Comments on Atlanta Braves FY2024 Earnings

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) - Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for Atlanta Braves in a note issued to investors on Wednesday, November 6th. Seaport Res Ptn analyst D. Joyce now forecasts that the financial services provider will post earnings per share of ($0.98) for the year, down from their previous forecast of ($0.39). The consensus estimate for Atlanta Braves' current full-year earnings is ($0.44) per share. Seaport Res Ptn also issued estimates for Atlanta Braves' Q4 2024 earnings at ($0.78) EPS, Q1 2025 earnings at ($1.07) EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at ($0.52) EPS, FY2025 earnings at ($0.79) EPS and FY2026 earnings at ($0.56) EPS.

Separately, Rosenblatt Securities lowered their target price on shares of Atlanta Braves from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th.

Atlanta Braves Price Performance

Shares of NASDAQ BATRK traded up $1.50 during trading hours on Monday, reaching $42.14. The stock had a trading volume of 213,733 shares, compared to its average volume of 229,301. Atlanta Braves has a twelve month low of $34.20 and a twelve month high of $44.42. The business's fifty day moving average is $40.43 and its two-hundred day moving average is $40.52. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -57.93 and a beta of 0.70.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million for the quarter, compared to the consensus estimate of $288.20 million. During the same quarter in the previous year, the firm posted ($0.55) EPS.

Hedge Funds Weigh In On Atlanta Braves

A number of large investors have recently modified their holdings of BATRK. Quent Capital LLC lifted its stake 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 acquiring an additional 1,404 shares during the last quarter. Hahn Capital Management LLC grew its stake in Atlanta Braves by 33.7% in the 2nd quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider's stock valued at $77,000 after buying an additional 495 shares during the last quarter. nVerses Capital LLC bought a new position in Atlanta Braves in the 2nd quarter valued at about $95,000. OFI Invest Asset Management bought a new stake in shares of Atlanta Braves during the second quarter worth approximately $156,000. Finally, Quest Partners LLC boosted its holdings in shares of Atlanta Braves by 28,820.0% during the third 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 period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

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.