Atlanta Braves (NASDAQ:BATRA) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $45.50 and traded as high as $48.68. Atlanta Braves shares last traded at $48.21, with a volume of 46,820 shares changing hands.

Wall Street Analysts Forecast Growth

BATRA has been the topic of several recent analyst reports. Zacks Research upgraded Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Atlanta Braves has an average rating of “Hold” and a consensus target price of $45.00.

Atlanta Braves Stock Down 2.0%

The firm has a market capitalization of $2.96 billion, a PE ratio of -120.77 and a beta of 0.55. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $45.70 and a two-hundred day moving average of $44.35.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.46. The firm had revenue of $61.30 million during the quarter, compared to the consensus estimate of $54.93 million. Atlanta Braves had a positive return on equity of 0.08% and a negative net margin of 3.19%. On average, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of Atlanta Braves by 1,873.1% in the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 487 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Atlanta Braves by 44.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 950 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 292 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Atlanta Braves by 47.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 398 shares in the last quarter. CWM LLC boosted its position in Atlanta Braves by 149.5% during the 4th quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 873 shares during the period. Finally, State of Wyoming acquired a new stake in Atlanta Braves in the 2nd quarter valued at $70,000. 12.31% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Company Profile

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.