Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) shares saw an uptick in trading volume on Tuesday . 148,809 shares were traded during mid-day trading, a decline of 14% from the previous session's volume of 172,035 shares.The stock last traded at $39.08 and had previously closed at $39.00.
Analysts Set New Price Targets
Separately, TheStreet cut Atlanta Braves from a "c-" rating to a "d+" rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $45.00.
Get Our Latest Stock Report on BATRK
Atlanta Braves Stock Performance
The company has a 50-day moving average of $38.46 and a 200-day moving average of $38.43.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The firm had revenue of $67.75 million during the quarter, compared to analyst estimates of $61.94 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.
Institutional Trading of Atlanta Braves
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hawk Ridge Capital Management LP boosted its stake in Atlanta Braves by 7.4% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,521,170 shares of the financial services provider's stock worth $90,081,000 after buying an additional 173,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in Atlanta Braves by 20.3% in the third quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider's stock valued at $83,750,000 after purchasing an additional 396,079 shares during the period. Broad Bay Capital Management LP increased its position in Atlanta Braves by 17.4% during the fourth quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider's stock worth $80,102,000 after purchasing an additional 300,000 shares during the last quarter. Shapiro Capital Management LLC raised its stake in Atlanta Braves by 0.6% during the third quarter. Shapiro Capital Management LLC now owns 1,604,670 shares of the financial services provider's stock worth $57,335,000 after purchasing an additional 9,137 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Atlanta Braves by 1.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,461,503 shares of the financial services provider's stock valued at $57,846,000 after purchasing an additional 26,768 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.
Atlanta Braves Company Profile
(Get Free Report)
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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