Atlanta Braves (BATRK) to Release Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) is anticipated to release its results before the market opens on Wednesday, February 25th. Analysts expect Atlanta Braves to post earnings of ($0.66) per share and revenue of $54.9340 million for the quarter.

Atlanta Braves Price Performance

NASDAQ BATRK opened at $43.30 on Wednesday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -1,082.23 and a beta of 0.61. Atlanta Braves has a 12 month low of $35.46 and a 12 month high of $47.18. The company’s fifty day moving average price is $40.00 and its two-hundred day moving average price is $40.75.

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 35,000 shares of Atlanta Braves stock in a transaction dated Thursday, February 5th. The stock was bought at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the completion of the acquisition, the insider owned 521,862 shares in the company, valued at $23,081,956.26. The trade was a 7.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Atlanta Braves

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Atlanta Braves by 956.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 631 shares during the period. Advisory Services Network LLC bought a new stake in shares of Atlanta Braves during the third quarter valued at approximately $34,000. Comerica Bank boosted its position in shares of Atlanta Braves by 44.8% during the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after buying an additional 319 shares during the period. Kestra Advisory Services LLC bought a new position in Atlanta Braves in the 4th quarter worth approximately $51,000. Finally, Brown Brothers Harriman & Co. increased its position in Atlanta Braves by 72.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,426 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

BATRK has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, December 29th. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $69.00 price target on shares of Atlanta Braves in a report on Tuesday, December 2nd. Finally, Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $57.00.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.