Atlanta Braves (NASDAQ:BATRA) Reaches New 52-Week Low - Here's Why

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $39.58 and last traded at $40.29, with a volume of 15224 shares changing hands. The stock had previously closed at $40.07.

Atlanta Braves Price Performance

The company's 50-day simple moving average is $42.31 and its 200-day simple moving average is $43.06. 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 company has a market cap of $2.49 billion, a price-to-earnings ratio of -55.15 and a beta of 0.80.

Institutional Investors Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 600 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Atlanta Braves by 13.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,224 shares of the financial services provider's stock worth $1,456,000 after acquiring an additional 4,071 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of Atlanta Braves in the 2nd quarter worth $26,000. Rhumbline Advisers raised its position in shares of Atlanta Braves by 7.9% during the second quarter. Rhumbline Advisers now owns 17,139 shares of the financial services provider's stock worth $708,000 after purchasing an additional 1,254 shares during the period. Finally, Quest Partners LLC acquired a new stake in Atlanta Braves during the 2nd quarter worth about $135,000. Institutional investors and hedge funds own 12.31% of the company's stock.

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.

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