Atlanta Braves Holdings, Inc. to Post Q3 2024 Earnings of $0.25 Per Share, Seaport Res Ptn Forecasts (NASDAQ:BATRK)

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) – Equities research analysts at Seaport Res Ptn raised their Q3 2024 earnings estimates for shares of Atlanta Braves in a report released on Thursday, May 9th. Seaport Res Ptn analyst D. Joyce now forecasts that the financial services provider will post earnings of $0.25 per share for the quarter, up from their previous forecast of $0.19. The consensus estimate for Atlanta Braves’ current full-year earnings is ($0.18) per share. Seaport Res Ptn also issued estimates for Atlanta Braves’ Q1 2025 earnings at ($0.92) EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at ($0.35) EPS.

Separately, TheStreet downgraded Atlanta Braves from a “c-” rating to a “d+” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

Atlanta Braves Stock Up 0.3 %

NASDAQ:BATRK opened at $39.26 on Friday. The firm’s 50-day simple moving average is $38.46 and its 200 day simple moving average is $38.20. Atlanta Braves has a 52 week low of $33.95 and a 52 week high of $50.15.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (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 analysts’ expectations of $61.94 million.

Institutional Investors Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hawk Ridge Capital Management LP increased its position in Atlanta Braves by 7.4% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,521,170 shares of the financial services provider’s stock valued at $90,081,000 after acquiring an additional 173,000 shares during the period. Vanguard Group Inc. raised its position in Atlanta Braves by 20.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock worth $83,750,000 after purchasing an additional 396,079 shares during the last quarter. Broad Bay Capital Management LP lifted its holdings in Atlanta Braves by 17.4% during the 4th quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock worth $80,102,000 after buying an additional 300,000 shares during the period. Shapiro Capital Management LLC increased its stake in shares of Atlanta Braves by 0.6% in the third quarter. Shapiro Capital Management LLC now owns 1,604,670 shares of the financial services provider’s stock valued at $57,335,000 after buying an additional 9,137 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Atlanta Braves by 1.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,461,503 shares of the financial services provider’s stock worth $57,846,000 after acquiring an additional 26,768 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors.

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.