Atlanta Braves (NASDAQ:BATRA) Reaches New 12-Month High – Still a Buy?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $55.80 and last traded at $55.4690, with a volume of 16450 shares changing hands. The stock had previously closed at $53.27.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, April 20th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $45.00.

Atlanta Braves Stock Down 0.8%

The company has a debt-to-equity ratio of 1.16, a current ratio of 0.42 and a quick ratio of 0.42. The business has a 50 day simple moving average of $49.54 and a 200 day simple moving average of $45.57. The stock has a market cap of $3.45 billion, a PE ratio of -140.69 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.46. The company had revenue of $61.30 million during the quarter, compared to the consensus estimate of $54.93 million. Atlanta Braves had a positive return on equity of 0.08% and a negative net margin of 3.19%. On average, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Institutional Trading of Atlanta Braves

Several large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Atlanta Braves by 490,606.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 245,353 shares of the financial services provider’s stock worth $10,425,000 after purchasing an additional 245,303 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Atlanta Braves by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock valued at $31,172,000 after purchasing an additional 85,853 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Atlanta Braves by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,230,362 shares of the financial services provider’s stock worth $94,768,000 after purchasing an additional 76,853 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Atlanta Braves in the fourth quarter worth $3,252,000. Finally, HRT Financial LP increased its position in Atlanta Braves by 600.4% during the second quarter. HRT Financial LP now owns 48,679 shares of the financial services provider’s stock worth $2,395,000 after buying an additional 41,729 shares during the last quarter. 12.31% of the stock is owned by institutional investors.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.