Atlanta Braves (NASDAQ:BATRA) Hits New 12-Month Low – Time to Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $39.58 and last traded at $40.29, with a volume of 15224 shares trading hands. The stock had previously closed at $40.07.

Atlanta Braves Stock Performance

The company has a market capitalization of $2.51 billion, a P/E ratio of -55.51 and a beta of 0.80. The business has a 50 day moving average of $42.29 and a 200 day moving average of $43.05. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BATRA. Whittier Trust Co. bought a new stake in Atlanta Braves in the second quarter worth $26,000. Nisa Investment Advisors LLC raised its stake in shares of Atlanta Braves by 1,500.0% in the second quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 600 shares during the period. Quent Capital LLC raised its stake in shares of Atlanta Braves by 1,607.7% in the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares during the period. US Bancorp DE bought a new stake in shares of Atlanta Braves in the 3rd quarter worth about $28,000. Finally, GAMMA Investing LLC boosted its stake in shares of Atlanta Braves by 5,336.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,014 shares during the period. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Company Profile

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.