Atlanta Braves (NASDAQ:BATRA) Reaches New 12-Month Low - Should You Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $38.90 and last traded at $39.50, with a volume of 48477 shares trading hands. The stock had previously closed at $39.17.

Atlanta Braves Price Performance

The company has a market capitalization of $2.48 billion, a P/E ratio of -54.82 and a beta of 0.78. The company's 50-day simple moving average is $41.27 and its 200 day simple moving average is $42.91. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quent Capital LLC increased its stake in Atlanta Braves by 1,607.7% during the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider's stock worth $28,000 after purchasing an additional 627 shares in the last quarter. US Bancorp DE bought a new position in Atlanta Braves in the third quarter valued at approximately $28,000. GAMMA Investing LLC raised its position in Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider's stock worth $44,000 after acquiring an additional 1,014 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Atlanta Braves by 460.9% in the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Atlanta Braves in the 3rd quarter valued at about $133,000. 12.31% 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.