Atlanta Braves (BATRK) to Release Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) will likely be issuing its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of ($0.66) per share and revenue of $54.9340 million for the quarter.

Atlanta Braves Price Performance

BATRK opened at $43.30 on Wednesday. Atlanta Braves has a 12 month low of $35.46 and a 12 month high of $47.18. The business has a 50-day moving average of $40.00 and a two-hundred day moving average of $40.75. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -1,082.23 and a beta of 0.61.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report 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 reaffirmed a “buy” rating and issued a $69.00 target price on shares of Atlanta Braves in a research 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 analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Atlanta Braves presently has an average rating of “Hold” and a consensus price target of $57.00.

Insider Activity

In related news, major shareholder John C. Malone purchased 35,000 shares of Atlanta Braves stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average cost of $44.23 per share, with a total value of $1,548,050.00. Following the transaction, the insider owned 521,862 shares of the company’s stock, valued at approximately $23,081,956.26. The trade was a 7.19% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hawk Ridge Capital Management LP grew its holdings in Atlanta Braves by 16.5% during the 4th quarter. Hawk Ridge Capital Management LP now owns 2,661,429 shares of the financial services provider’s stock valued at $104,993,000 after purchasing an additional 377,307 shares in the last quarter. Broad Bay Capital Management LP lifted its stake in shares of Atlanta Braves by 11.9% in the fourth quarter. Broad Bay Capital Management LP now owns 2,202,745 shares of the financial services provider’s stock worth $86,898,000 after acquiring an additional 233,771 shares in the last quarter. CI Investments Inc. boosted its holdings in Atlanta Braves by 1.0% in the fourth quarter. CI Investments Inc. now owns 1,699,739 shares of the financial services provider’s stock valued at $67,055,000 after purchasing an additional 16,404 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Atlanta Braves by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,086,388 shares of the financial services provider’s stock valued at $42,864,000 after purchasing an additional 2,944 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its stake in Atlanta Braves by 3.1% during the 4th quarter. State of Wisconsin Investment Board now owns 1,060,550 shares of the financial services provider’s stock valued at $41,839,000 after purchasing an additional 31,692 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

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.