Atlanta Braves (NASDAQ:BATRA – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.14, Zacks reports. Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. The firm had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same period in the previous year, the firm earned ($0.55) earnings per share.
Atlanta Braves Stock Performance
Shares of BATRA stock traded down $0.54 during mid-day trading on Friday, reaching $44.53. The stock had a trading volume of 20,504 shares, compared to its average volume of 29,965. Atlanta Braves has a one year low of $36.78 and a one year high of $46.61. The firm has a market cap of $2.76 billion and a PE ratio of -22.27. The firm’s 50 day simple moving average is $43.04 and its 200 day simple moving average is $42.26. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.31.
Insider Activity at Atlanta Braves
In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of Atlanta Braves stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $39.96 per share, with a total value of $79,920.00. Following the acquisition, the insider now owns 7,550 shares of the company’s stock, valued at $301,698. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders bought 3,000 shares of company stock worth $121,765. 4.83% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on BATRA
About Atlanta Braves
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.
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