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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $38.67 and last traded at $40.72, with a volume of 39842 shares trading hands. The stock had previously closed at $41.28.

Analyst Ratings Changes

Separately, Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Trading Down 0.3 %

The company has a fifty day moving average of $43.13 and a 200-day moving average of $42.23. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $2.61 billion, a PE ratio of -57.71 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($0.78) by $0.47. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone bought 38,452 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was purchased at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the completion of the transaction, the insider now directly owns 254,428 shares of the company's stock, valued at $10,248,359.84. This trade represents a 17.80 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired 86,144 shares of company stock worth $3,529,134 over the last ninety days. 4.83% of the stock is currently owned by insiders.

Institutional Trading of Atlanta Braves

A number of institutional investors and hedge funds have recently modified their holdings of BATRA. GAMMA Investing LLC grew its stake in Atlanta Braves by 5,387.2% in the 1st quarter. GAMMA Investing LLC now owns 52,951 shares of the financial services provider's stock valued at $23,230,000 after buying an additional 51,986 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Atlanta Braves during the fourth quarter valued at about $901,000. Gamco Investors INC. ET AL grew its position in shares of Atlanta Braves by 1.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider's stock valued at $92,257,000 after purchasing an additional 21,955 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Atlanta Braves by 69.0% in the fourth quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider's stock worth $2,039,000 after purchasing an additional 20,399 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Atlanta Braves by 7.7% during the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock worth $11,595,000 after purchasing an additional 20,200 shares during the last quarter. 12.31% of the stock is currently owned by institutional investors and hedge funds.

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.