Atlanta Braves (NASDAQ:BATRA) Shares Cross Below 50-Day Moving Average – Should You Sell?

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $43.01 and traded as low as $42.84. Atlanta Braves shares last traded at $43.79, with a volume of 168,330 shares traded.

Analysts Set New Price Targets

BATRA has been the topic of a number of recent analyst reports. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.50.

Atlanta Braves Price Performance

The company has a market cap of $2.76 billion, a price-to-earnings ratio of -1,094.48 and a beta of 0.63. The company has a fifty day simple moving average of $43.01 and a two-hundred day simple moving average of $44.41. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.32.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.23. Atlanta Braves had a negative return on equity of 0.19% and a negative net margin of 0.14%.The business had revenue of $311.54 million during the quarter, compared to the consensus estimate of $309.06 million. On average, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 28,567 shares of Atlanta Braves stock in a transaction on Monday, November 17th. The shares were bought at an average price of $41.97 per share, with a total value of $1,198,956.99. Following the completion of the acquisition, the insider directly owned 479,972 shares of the company’s stock, valued at approximately $20,144,424.84. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 37,829 shares of company stock worth $1,587,868 in the last ninety days. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

A number of institutional investors have recently modified their holdings of BATRA. Vanguard Group Inc. boosted its holdings in shares of Atlanta Braves by 14.3% during the third quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock worth $31,172,000 after purchasing an additional 85,853 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Atlanta Braves during the fourth quarter worth about $3,252,000. HRT Financial LP boosted its stake in Atlanta Braves by 600.4% in the 2nd 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. Gabelli Funds LLC grew its holdings in Atlanta Braves by 4.5% in the 3rd quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock valued at $39,300,000 after buying an additional 36,995 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Atlanta Braves during the 2nd quarter valued at about $1,516,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

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.