Atlanta Braves (NASDAQ:BATRA) Upgraded at Zacks Research

Zacks Research upgraded shares of Atlanta Braves (NASDAQ:BATRA) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Atlanta Braves presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Atlanta Braves Trading Up 0.8%

Shares of BATRA stock opened at $48.72 on Monday. Atlanta Braves has a 12 month low of $38.67 and a 12 month high of $50.50. The company has a market cap of $3.07 billion, a PE ratio of -124.92 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $44.64 and its two-hundred day moving average is $44.28.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $0.46. The business had revenue of $61.30 million during the quarter, compared to the consensus estimate of $54.93 million. Atlanta Braves had a negative net margin of 3.19% and a positive return on equity of 0.08%. Equities analysts predict that Atlanta Braves will post -0.98 EPS for the current year.

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone acquired 35,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was acquired at an average price of $44.23 per share, for a total transaction of $1,548,050.00. Following the acquisition, the insider directly owned 521,862 shares in the company, valued at $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atlanta Braves

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Atlanta Braves by 1,873.1% during the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 487 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Atlanta Braves by 44.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 950 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 292 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Atlanta Braves by 48.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 329 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Atlanta Braves by 47.7% during the third quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 398 shares during the period. Finally, State of Wyoming bought a new stake in Atlanta Braves in the second quarter worth approximately $70,000. Institutional investors own 12.31% of the company’s stock.

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.