Atlanta Braves (NASDAQ:BATRA) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Atlanta Braves (NASDAQ:BATRA) posted its quarterly earnings data on Monday. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.09, FiscalAI reports. Atlanta Braves had a negative net margin of 3.19% and a positive return on equity of 0.08%. The company had revenue of $72.01 million during the quarter, compared to the consensus estimate of $68.69 million.

Atlanta Braves Stock Performance

NASDAQ BATRA opened at $54.43 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.16. Atlanta Braves has a 12-month low of $41.50 and a 12-month high of $56.06. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -139.55 and a beta of 0.68. The company has a 50-day simple moving average of $49.77 and a two-hundred day simple moving average of $45.73.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BATRA. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $45.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna Portfolio Strategies LLC purchased a new stake in shares of Atlanta Braves during the 4th quarter valued at about $318,000. Stifel Financial Corp bought a new stake in Atlanta Braves during the fourth quarter valued at approximately $318,000. Occudo Quantitative Strategies LP grew its position in Atlanta Braves by 6.1% during the third quarter. Occudo Quantitative Strategies LP now owns 6,262 shares of the financial services provider’s stock valued at $285,000 after buying an additional 359 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Atlanta Braves by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock valued at $266,000 after buying an additional 234 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Atlanta Braves in the third quarter worth approximately $230,000. 12.31% of the stock is owned by hedge funds and other institutional investors.

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.