Atlanta Braves (BATRA) to Release 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 stock opened at $47.86 on Wednesday. The company has a market cap of $3.01 billion, a P/E ratio of -1,196.20 and a beta of 0.63. The firm has a fifty day moving average price of $43.57 and a 200 day moving average price of $44.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. Atlanta Braves has a 12 month low of $38.67 and a 12 month high of $50.50.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone bought 35,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the completion of the transaction, the insider owned 521,862 shares in the company, valued at approximately $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 this link. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Atlanta Braves

A number of large investors have recently bought and sold shares of BATRA. Vanguard Group Inc. increased its stake in Atlanta Braves by 14.3% in the third quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock valued at $31,172,000 after purchasing an additional 85,853 shares during the period. Geode Capital Management LLC grew its holdings in shares of Atlanta Braves by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 231,809 shares of the financial services provider’s stock worth $9,853,000 after buying an additional 2,655 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Atlanta Braves by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 210,524 shares of the financial services provider’s stock valued at $8,945,000 after acquiring an additional 1,046 shares during the period. Focus Partners Wealth raised its stake in Atlanta Braves by 1.0% during the 3rd quarter. Focus Partners Wealth now owns 99,985 shares of the financial services provider’s stock valued at $4,545,000 after acquiring an additional 951 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Atlanta Braves by 50.1% during the 4th quarter. JPMorgan Chase & Co. now owns 79,880 shares of the financial services provider’s stock valued at $3,394,000 after acquiring an additional 26,669 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.