FY2024 EPS Estimates for Atlanta Braves Reduced by Analyst

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) - Research analysts at Seaport Res Ptn reduced their FY2024 EPS estimates for shares of Atlanta Braves in a research note issued to investors on Wednesday, November 6th. Seaport Res Ptn analyst D. Joyce now anticipates that the financial services provider will earn ($0.98) per share for the year, down from their previous estimate of ($0.39). The consensus estimate for Atlanta Braves' current full-year earnings is ($0.39) per share. Seaport Res Ptn also issued estimates for Atlanta Braves' Q4 2024 earnings at ($0.78) EPS, Q1 2025 earnings at ($1.07) EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at ($0.52) EPS, FY2025 earnings at ($0.79) EPS and FY2026 earnings at ($0.56) EPS.

Atlanta Braves Trading Up 2.7 %

Shares of BATRA stock traded up $1.17 on Monday, hitting $44.06. The company had a trading volume of 35,238 shares, compared to its average volume of 31,849. Atlanta Braves has a twelve month low of $36.94 and a twelve month high of $46.65. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $2.73 billion, a P/E ratio of -60.60 and a beta of 0.85. The stock's 50-day moving average is $43.04 and its two-hundred day moving average is $42.98.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. Atlanta Braves had a negative return on equity of 8.58% and a negative net margin of 6.56%. The business had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same period last year, the company earned ($0.55) EPS.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently bought and sold shares of the company. Whittier Trust Co. purchased a new stake in shares of Atlanta Braves in the second quarter valued at about $26,000. Nisa Investment Advisors LLC boosted its holdings in shares of 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 worth $26,000 after purchasing an additional 600 shares in the last quarter. Quent Capital LLC raised its position in Atlanta Braves by 1,607.7% during the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 627 shares during the last quarter. US Bancorp DE bought a new position in Atlanta Braves in the 3rd quarter worth $28,000. Finally, GAMMA Investing LLC lifted its position in Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider's stock valued at $44,000 after buying an additional 1,014 shares during the period. Institutional investors own 12.31% of the company's stock.

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.