Atlanta Braves (NASDAQ:BATRA) Announces Earnings Results

Atlanta Braves (NASDAQ:BATRA) posted its earnings results on Wednesday. The financial services provider reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.74) by $0.46, Zacks reports. The company had revenue of $61.30 million during the quarter, compared to analyst estimates of $54.93 million. Atlanta Braves had a negative return on equity of 0.19% and a negative net margin of 0.14%.

Atlanta Braves Price Performance

BATRA stock traded down $0.09 during trading hours on Thursday, hitting $48.66. 28,070 shares of the stock traded hands, compared to its average volume of 67,737. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The stock has a 50-day simple moving average of $44.06 and a 200 day simple moving average of $44.22. Atlanta Braves has a one year low of $38.67 and a one year high of $50.50. The company has a market cap of $3.06 billion, a P/E ratio of -1,210.37 and a beta of 0.63.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone bought 35,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the acquisition, the insider directly owned 521,862 shares of the company’s stock, valued at $23,081,956.26. This trade represents a 7.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 5.90% of the stock is owned by corporate insiders.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 234 shares during the last quarter. Simplex Trading LLC increased its stake in shares of Atlanta Braves by 8.4% during the 4th quarter. Simplex Trading LLC now owns 3,938 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 305 shares during the last quarter. Occudo Quantitative Strategies LP increased its stake in shares of Atlanta Braves by 6.1% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 6,262 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 359 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Atlanta Braves by 35.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,774 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 463 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Atlanta Braves by 1,873.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 487 shares during the last quarter. 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.