Atlanta Braves (NASDAQ:BATRA) Shares Pass Below 50-Day Moving Average of $41.47

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $41.47 and traded as low as $41.01. Atlanta Braves shares last traded at $41.16, with a volume of 15,577 shares trading hands.

Atlanta Braves Price Performance

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50-day simple moving average is $41.47 and its 200 day simple moving average is $41.24.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The business had revenue of $67.75 million for the quarter, compared to analyst estimates of $61.94 million. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently bought and sold shares of the business. Sapient Capital LLC lifted its position in Atlanta Braves by 2.6% during the first quarter. Sapient Capital LLC now owns 11,756 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 301 shares during the last quarter. Aurora Investment Counsel raised its stake in shares of Atlanta Braves by 1.0% in the third quarter. Aurora Investment Counsel now owns 40,448 shares of the financial services provider’s stock valued at $1,580,000 after acquiring an additional 398 shares during the period. New York State Common Retirement Fund raised its stake in shares of Atlanta Braves by 16.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,536 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 627 shares during the period. MRP Capital Investments LLC raised its stake in shares of Atlanta Braves by 2.4% in the third quarter. MRP Capital Investments LLC now owns 28,975 shares of the financial services provider’s stock valued at $1,093,000 after acquiring an additional 675 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Atlanta Braves in the third quarter valued at $27,000. Institutional investors 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.