Atlanta Braves (NASDAQ:BATRK – Free Report) had its price objective trimmed by Rosenblatt Securities from $54.00 to $53.00 in a research report report published on Wednesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.
Atlanta Braves Trading Up 0.1 %
Shares of Atlanta Braves stock opened at $41.68 on Wednesday. The stock has a market capitalization of $2.11 billion and a price-to-earnings ratio of -20.84. Atlanta Braves has a 1-year low of $33.95 and a 1-year high of $44.15. The firm’s 50-day moving average price is $41.00 and its two-hundred day moving average price is $39.70.
Atlanta Braves (NASDAQ:BATRK – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $282.88 million for the quarter, compared to the consensus estimate of $288.20 million. During the same period in the prior year, the company posted ($0.55) earnings per share. As a group, equities research analysts predict that Atlanta Braves will post -0.46 EPS for the current year.
Insider Activity at Atlanta Braves
Institutional Investors Weigh In On Atlanta Braves
Several large investors have recently made changes to their positions in the stock. Broad Bay Capital Management LP grew its position in shares of Atlanta Braves by 17.4% in the 4th quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock valued at $80,102,000 after acquiring an additional 300,000 shares during the period. Freshford Capital Management LLC lifted its stake in shares of Atlanta Braves by 84.9% during the 4th quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider’s stock worth $30,174,000 after buying an additional 350,000 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Atlanta Braves during the 1st quarter worth about $763,000. Sage Investment Advisers LLC acquired a new stake in Atlanta Braves in the 4th quarter worth about $337,000. Finally, Eagle Asset Management Inc. acquired a new stake in Atlanta Braves in the 4th quarter worth about $3,909,000. Institutional investors own 64.88% 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.
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