Atlanta Braves (NASDAQ:BATRK - Get Free Report) issued its earnings results on Wednesday. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $0.38, Zacks reports. The business had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million.
Atlanta Braves Stock Performance
Shares of NASDAQ:BATRK traded up $0.90 during trading hours on Friday, hitting $40.37. The stock had a trading volume of 340,762 shares, compared to its average volume of 294,394. The stock's fifty day simple moving average is $38.56 and its 200 day simple moving average is $39.92. Atlanta Braves has a 1-year low of $35.81 and a 1-year high of $44.42. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -55.30 and a beta of 0.73.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a report on Friday.
View Our Latest Analysis on BATRK
Insider Buying and Selling at Atlanta Braves
In other news, major shareholder John C. Malone purchased 5,094 shares of the company's stock in a transaction on Monday, January 27th. The shares were bought at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the purchase, the insider now owns 169,522 shares of the company's stock, valued at $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have bought 44,932 shares of company stock worth $1,864,395. 11.43% of the stock is owned by company insiders.
Atlanta Braves Company Profile
(
Get Free Report)
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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