Atlanta Braves (NASDAQ:BATRA) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $46.35 and traded as high as $47.79. Atlanta Braves shares last traded at $47.15, with a volume of 86,180 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on BATRA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, January 21st. Zacks Research raised shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. One 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, Atlanta Braves has a consensus rating of “Hold” and a consensus price target of $45.00.

Atlanta Braves Price Performance

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 stock has a fifty day moving average of $46.56 and a 200 day moving average of $44.42.

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

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone acquired 35,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were purchased at an average price of $44.23 per share, for a total transaction of $1,548,050.00. Following the completion of the purchase, the insider directly owned 521,862 shares of the company’s stock, valued at $23,081,956.26. The trade was a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in Atlanta Braves during the first quarter worth about $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 234 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Atlanta Braves during the 1st quarter worth approximately $385,000. Legal & General Group Plc grew its stake in shares of Atlanta Braves by 8.3% during the 2nd quarter. Legal & General Group Plc now owns 8,007 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 614 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 487 shares in the last quarter. 12.31% of the stock is currently 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.