Atlanta Braves (BATRA) Projected to Post Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) is anticipated to post its results before the market opens on Wednesday, February 25th. Analysts expect Atlanta Braves to post earnings of ($0.74) per share and revenue of $54.9340 million for the quarter.

Atlanta Braves Stock Performance

Shares of BATRA opened at $47.86 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $3.01 billion, a P/E ratio of -1,196.20 and a beta of 0.63. The company’s fifty day moving average is $43.57 and its two-hundred day moving average is $44.18. Atlanta Braves has a 1 year low of $38.67 and a 1 year high of $50.50.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 35,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $44.23 per share, for a total transaction of $1,548,050.00. Following the completion of the transaction, the insider directly owned 521,862 shares in the company, valued at $23,081,956.26. This represents a 7.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 worth $31,172,000 after acquiring an additional 85,853 shares during the last quarter. Geode Capital Management LLC increased its stake 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Atlanta Braves by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 210,524 shares of the financial services provider’s stock worth $8,945,000 after purchasing an additional 1,046 shares during the last quarter. Focus Partners Wealth lifted its stake in Atlanta Braves by 1.0% in the 3rd quarter. Focus Partners Wealth now owns 99,985 shares of the financial services provider’s stock valued at $4,545,000 after buying an additional 951 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Atlanta Braves by 50.1% in the 4th quarter. JPMorgan Chase & Co. now owns 79,880 shares of the financial services provider’s stock valued at $3,394,000 after buying an additional 26,669 shares in the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

About Atlanta Braves

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.