Atlanta Braves (NASDAQ:BATRA) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $42.40 and traded as low as $42.04. Atlanta Braves shares last traded at $42.41, with a volume of 24,669 shares.

Analyst Ratings Changes

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

Atlanta Braves Stock Performance

The firm has a market capitalization of $2.64 billion, a PE ratio of -58.51 and a beta of 0.73. 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's fifty day simple moving average is $42.60 and its 200 day simple moving average is $42.37.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. As a group, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

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Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone acquired 5,094 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have bought 47,692 shares of company stock valued at $1,980,287. 4.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BATRA. Proficio Capital Partners LLC bought a new position in Atlanta Braves during the fourth quarter valued at approximately $901,000. Gamco Investors INC. ET AL grew its position in Atlanta Braves by 1.0% during 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 acquiring an additional 21,955 shares during the last quarter. JPMorgan Chase & Co. grew its position in Atlanta Braves by 69.0% during the fourth quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider's stock valued at $2,039,000 after acquiring an additional 20,399 shares during the last quarter. Renaissance Technologies LLC grew its position in Atlanta Braves by 7.7% during the fourth quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock valued at $11,595,000 after acquiring an additional 20,200 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Atlanta Braves by 376.1% in the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider's stock worth $681,000 after purchasing an additional 12,775 shares during the last quarter. 12.31% of the stock is currently owned by institutional investors.

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.