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Second Quarter 2024 EPS Estimates for Atlanta Braves Holdings, Inc. Reduced by Seaport Res Ptn (NASDAQ: BATRK)


Atlanta Braves Holdings, Inc. (NASDAQ: BATRK – Free Report) – Equity analysts at Seaport Res Ptn reduced their second quarter 2024 EPS estimates for Atlanta Braves shares in a research note issued to investors on Thursday May 9. Seaport Res Ptn analyst D. Joyce now expects the financial services provider to post earnings per share of $0.32 for the quarter, down from his previous forecast of $0.39. The consensus estimate for the Atlanta Braves’ current annual earnings is ($0.46) per share. Seaport Res Ptn also issued estimates for the Atlanta Braves’ fourth-quarter 2024 earnings per share at ($0.43) per share, fiscal 2024 earnings at ($0.69) per share and earnings for fiscal 2025 at ($0.54) per share.

Separately, TheStreet lowered the Atlanta Braves’ rating from a “c-” rating to a “d+” rating in a report released Tuesday (March 19). One research analyst has rated the stock with a sell rating, one has rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the Atlanta Braves currently have an average rating of “Hold” and an average price target of $45.00.

Get our latest Atlanta Braves stock report

Atlanta Braves Price Performance

NASDAQ BATRK opened at $38.61 on Monday. The Atlanta Braves have a one-year low of $33.95 and a one-year high of $50.15. The stock has a market capitalization of $1.96 billion and a price-to-earnings ratio of -19.31. The company’s 50-day moving average price is $38.45 and its 200-day moving average price is $38.28.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) last released their earnings results on Wednesday, February 28th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.30. The company had revenue of $67.75 million for the quarter, compared to the consensus estimate of $61.94 million.

Hedge funds weigh on the Atlanta Braves

A number of institutional investors have recently bought and sold shares. Bank of New York Mellon Corp increased its stake in Atlanta Braves by 33.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 181,980 shares of the financial services provider’s stock worth $6,502,000 after acquiring an additional 45,332 shares during the period. Zurcher Kantonalbank Zurich Kantonalbank increased its stake in shares of the Atlanta Braves by 44.1% in the third quarter. Zurcher Kantonalbank Zurich Kantonalbank now owns 8,583 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,628 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of the Atlanta Braves by 15.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,523 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 2,578 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of the Atlanta Braves during the third quarter valued at $201,000. Finally, Investors Research Corp purchased a new position in the Atlanta Braves in the 3rd quarter worth $52,000. 64.88% of shares are held by institutional investors.

Atlanta Braves Company Profile

(Get Free Report)

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

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Atlanta Braves (NASDAQ:BATRK) Earnings History and Estimates



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