Atlanta Braves (NASDAQ:BATRA) Sees Large Volume Increase

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) saw unusually-high trading volume on Friday . Approximately 17,904 shares were traded during mid-day trading, a decline of 39% from the previous session’s volume of 29,258 shares.The stock last traded at $44.00 and had previously closed at $44.20.

Atlanta Braves Trading Down 0.9 %

The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $2.71 billion, a PE ratio of -22.10 and a beta of 0.90. The stock has a fifty day moving average price of $44.85 and a 200 day moving average price of $42.61.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The business had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same period in the previous year, the company posted ($0.55) EPS. Equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current year.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were acquired at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the purchase, the insider now owns 7,550 shares in the company, valued at $301,698. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.83% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Large investors have recently bought and sold shares of the business. Gabelli Funds LLC grew its position in shares of Atlanta Braves by 0.8% in the second quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock valued at $34,615,000 after purchasing an additional 6,321 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock valued at $25,496,000 after purchasing an additional 13,486 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Atlanta Braves by 7.9% in the second quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock valued at $9,626,000 after purchasing an additional 17,000 shares in the last quarter. Chickasaw Capital Management LLC increased its stake in Atlanta Braves by 2.9% during the first quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock worth $2,719,000 after acquiring an additional 1,825 shares during the last quarter. Finally, Aurora Investment Counsel increased its stake in Atlanta Braves by 12.1% during the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after acquiring an additional 4,945 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.