Atlanta Braves (NASDAQ:BATRK) Hits New 1-Year High at $44.15

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.15 and last traded at $44.06, with a volume of 160629 shares. The stock had previously closed at $43.69.

Atlanta Braves Price Performance

The company has a market capitalization of $2.20 billion and a PE ratio of -21.72. The company’s 50 day simple moving average is $40.50 and its 200 day simple moving average is $39.55.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.19). The business had revenue of $37.08 million during the quarter, compared to the consensus estimate of $39.63 million. On average, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of Atlanta Braves stock in a transaction on Monday, June 24th. The stock was purchased at an average cost of $39.96 per share, with a total value of $79,920.00. Following the purchase, the insider now directly owns 7,550 shares in the company, valued at $301,698. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have acquired 3,000 shares of company stock worth $121,765. 11.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BATRK. Quent Capital LLC lifted its holdings in Atlanta Braves by 568.4% in the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 1,404 shares during the period. nVerses Capital LLC acquired a new position in Atlanta Braves during the second quarter worth about $95,000. Brown Brothers Harriman & Co. increased its holdings in Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after buying an additional 583 shares in the last quarter. Mango Investments LLC acquired a new stake in shares of Atlanta Braves during the 4th quarter valued at approximately $107,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Atlanta Braves during the 2nd quarter worth approximately $156,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

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.