Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $35.46 and last traded at $37.05, with a volume of 53985 shares trading hands. The stock had previously closed at $37.25.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Atlanta Braves to a "sell" rating in a report on Friday, February 28th.
Get Our Latest Stock Analysis on Atlanta Braves
Atlanta Braves Price Performance
The firm has a 50-day simple moving average of $39.32 and a 200 day simple moving average of $39.31. The company has a market capitalization of $1.94 billion, a PE ratio of -51.96 and a beta of 0.56.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to analysts' expectations of $48.20 million. Equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.
Insider Buying and Selling
In other news, major shareholder John C. Malone acquired 5,094 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $41.94 per share, with a total value of $213,642.36. Following the completion of the acquisition, the insider now directly owns 169,522 shares in the company, valued at $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 86,144 shares of company stock worth $3,529,134. Insiders own 11.43% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its position in Atlanta Braves by 256.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider's stock valued at $64,694,000 after purchasing an additional 1,215,948 shares during the period. Aristeia Capital L.L.C. boosted its holdings in shares of Atlanta Braves by 34.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock valued at $92,373,000 after acquiring an additional 618,887 shares during the period. Troluce Capital Advisors LLC bought a new position in shares of Atlanta Braves during the fourth quarter worth about $10,751,000. Miracle Mile Advisors LLC acquired a new stake in shares of Atlanta Braves in the 4th quarter worth about $6,736,000. Finally, Tudor Investment Corp ET AL lifted its position in Atlanta Braves by 44.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 456,000 shares of the financial services provider's stock valued at $17,447,000 after purchasing an additional 139,952 shares during the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.
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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