Seaport Res Ptn Boosts Earnings Estimates for Atlanta Braves

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) - Equities research analysts at Seaport Res Ptn increased their Q1 2025 EPS estimates for shares of Atlanta Braves in a research report issued to clients and investors on Wednesday, February 26th. Seaport Res Ptn analyst D. Joyce now expects that the financial services provider will post earnings of ($0.94) per share for the quarter, up from their previous estimate of ($1.07). The consensus estimate for Atlanta Braves' current full-year earnings is ($0.98) per share. Seaport Res Ptn also issued estimates for Atlanta Braves' Q2 2025 earnings at $0.46 EPS, Q4 2025 earnings at ($0.35) EPS, FY2025 earnings at ($0.60) EPS and FY2026 earnings at ($0.34) EPS.

Separately, Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of Atlanta Braves in a research note on Thursday.

Atlanta Braves Trading Down 0.5 %

Shares of Atlanta Braves stock traded down $0.22 during trading hours on Monday, reaching $43.91. 44,568 shares of the company's stock were exchanged, compared to its average volume of 51,759. Atlanta Braves has a 52-week low of $38.90 and a 52-week high of $46.65. The company has a fifty day moving average of $41.86 and a 200-day moving average of $42.59. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of -60.15 and a beta of 0.80.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.47. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%.

Institutional Trading of Atlanta Braves

Institutional investors have recently modified their holdings of the company. Cutter & CO Brokerage Inc. purchased a new stake in shares of Atlanta Braves during the fourth quarter valued at approximately $390,000. Barclays PLC increased its stake in Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider's stock worth $681,000 after buying an additional 12,775 shares during the period. Geode Capital Management LLC lifted its holdings in Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider's stock worth $11,817,000 after buying an additional 3,798 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Atlanta Braves by 24.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider's stock valued at $650,000 after buying an additional 3,074 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Atlanta Braves by 20.7% during the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider's stock valued at $1,247,000 after acquiring an additional 5,066 shares in the last quarter. Hedge funds and other institutional investors own 12.31% of the company's stock.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 15,192 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the acquisition, the insider now directly owns 146,020 shares in the company, valued at $5,931,332.40. This trade represents a 11.61 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders purchased 44,932 shares of company stock valued at $1,864,395. Insiders own 4.83% 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.