Atlanta Braves (NASDAQ:BATRA) Announces Earnings Results

Atlanta Braves (NASDAQ:BATRA) posted its quarterly earnings results on Wednesday. The financial services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48), FiscalAI reports. The company had revenue of $305.12 million during the quarter, compared to the consensus estimate of $317.09 million. Atlanta Braves had a negative net margin of 8.56% and a negative return on equity of 7.38%.

Atlanta Braves Trading Down 0.3%

Shares of Atlanta Braves stock opened at $52.60 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.46 and a quick ratio of 0.46. The business has a fifty day simple moving average of $55.29 and a two-hundred day simple moving average of $51.15. Atlanta Braves has a 1 year low of $41.50 and a 1 year high of $58.37. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of -52.08 and a beta of 0.64.

Institutional Trading of Atlanta Braves

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Atlanta Braves by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock worth $31,172,000 after buying an additional 85,853 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Atlanta Braves by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 231,809 shares of the financial services provider’s stock worth $9,853,000 after acquiring an additional 2,655 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Atlanta Braves by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 210,524 shares of the financial services provider’s stock worth $8,945,000 after acquiring an additional 1,046 shares during the period. Focus Partners Wealth grew its position in shares of Atlanta Braves by 1.0% in the third quarter. Focus Partners Wealth now owns 99,985 shares of the financial services provider’s stock valued at $4,545,000 after purchasing an additional 951 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Atlanta Braves by 50.1% in the fourth quarter. JPMorgan Chase & Co. now owns 79,880 shares of the financial services provider’s stock valued at $3,394,000 after purchasing an additional 26,669 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, July 17th. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has 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 presently has an average rating of “Reduce”.

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.