Atlanta Braves (NASDAQ:BATRA) Announces Earnings Results, Beats Expectations By $0.47 EPS

Atlanta Braves (NASDAQ:BATRA) released its quarterly earnings results on Wednesday. The financial services provider reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.47, Zacks reports. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%.

Atlanta Braves Stock Up 2.9 %

NASDAQ BATRA traded up $1.26 on Wednesday, reaching $44.08. The company had a trading volume of 8,977 shares, compared to its average volume of 51,902. The stock has a market capitalization of $2.73 billion, a P/E ratio of -60.38 and a beta of 0.80. The company’s fifty day moving average is $41.66 and its 200 day moving average is $42.61. Atlanta Braves has a 52-week low of $38.90 and a 52-week high of $46.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 5,094 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $41.94 per share, with a total value of $213,642.36. Following the transaction, the insider now directly owns 169,522 shares in the company, valued at $7,109,752.68. This trade represents a 3.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders purchased 44,932 shares of company stock valued at $1,864,395. 4.83% of the stock is owned by insiders.

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.