Atlanta Braves (NASDAQ:BATRA) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $45.50 and traded as high as $48.68. Atlanta Braves shares last traded at $48.21, with a volume of 46,820 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on BATRA. Zacks Research upgraded Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.00.

Atlanta Braves Stock Up 1.3%

The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $3.03 billion, a P/E ratio of -123.61 and a beta of 0.55. The firm’s 50 day moving average price is $45.50 and its two-hundred day moving average price is $44.32.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.46. Atlanta Braves had a negative net margin of 3.19% and a positive return on equity of 0.08%. The business had revenue of $61.30 million for the quarter, compared to analyst estimates of $54.93 million. Equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 35,000 shares of the stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the purchase, the insider owned 521,862 shares of the company’s stock, valued at approximately $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its position in shares of 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 valued at $94,768,000 after acquiring an additional 76,853 shares during the last quarter. Gabelli Funds LLC boosted its position in Atlanta Braves by 4.8% during the fourth quarter. Gabelli Funds LLC now owns 905,400 shares of the financial services provider’s stock valued at $38,470,000 after purchasing an additional 41,084 shares during the last quarter. Vanguard Group Inc. boosted its position in Atlanta Braves by 14.3% during the third 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. Northwestern Mutual Wealth Management Co. grew its stake in Atlanta Braves by 490,606.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 245,353 shares of the financial services provider’s stock valued at $10,425,000 after purchasing an additional 245,303 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Atlanta Braves by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 231,809 shares of the financial services provider’s stock worth $9,853,000 after purchasing an additional 2,655 shares during the last quarter. Institutional investors 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.