Atlanta Braves (NASDAQ:BATRA) stock falls below its 50-day moving average of $41.47

The shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Get Free Report) crossed below its fifty-day moving average during trading on Friday. The stock has a fifty-day moving average of $41.47 and was trading as low as $41.01. Atlanta Braves stock last traded at $41.16 on volume of 15,577 shares.

Atlanta Braves Price Performance

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50-day simple moving average is $41.47 and its 200-day simple moving average is $41.24.

Atlanta Braves (NASDAQ:BATRA – Get Free Report) last released its quarterly earnings data on Wednesday, February 28. The financial services provider reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.22) ($0.30). The company had revenue of $67.75 million for the quarter, compared to analyst estimates of $61.94 million. Research analysts expect that Atlanta Braves Holdings, Inc. will post a profit per share of -0.42 for the current financial year.

Hedge funds weigh heavily on the Atlanta Braves

Several institutional investors have recently bought and sold shares of the company. Sapient Capital LLC increased its position in Atlanta Braves by 2.6% during the first quarter. Sapient Capital LLC now owns 11,756 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 301 shares in the last quarter. Aurora Investment Counsel increased its stake in shares of the Atlanta Braves by 1.0% in the third quarter. Aurora Investment Counsel now owns 40,448 shares of the financial services provider’s stock valued at $1,580,000 after acquiring an additional 398 shares during the period. The New York State Common Retirement Fund increased its holdings in shares of the Atlanta Braves by 16.0% in the fourth quarter. The New York State Common Retirement Fund now owns 4,536 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 627 shares during the period. MRP Capital Investments LLC increased its holdings in shares of Atlanta Braves by 2.4% in the third quarter. MRP Capital Investments LLC now owns 28,975 shares of the financial services provider’s stock valued at $1,093,000 after acquiring an additional 675 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Atlanta Braves stock worth $27,000 in the third quarter. Institutional investors own 12.31% of the company’s shares.

About the Atlanta Braves

(Get a free report)

Atlanta Braves Holdings, Inc. owns and operates the Atlanta Braves Major League baseball club. It also operates mixed-use development projects, including retail, office, hotel and entertainment projects. The company was founded in 2022 and is based in Englewood, Colorado.

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