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.

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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

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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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