Seaport Res Ptn Comments on Atlanta Braves Holdings, Inc. Third Quarter 2024 (NASDAQ: BATRK) Results

Atlanta Braves Holdings, Inc. (NASDAQ: BATRK – Free Report) – Equity research analysts at Seaport Res Ptn increased their third-quarter 2024 earnings per share (EPS) estimates for Atlanta Braves shares in a research note released to investors on Thursday, May 9. . Seaport Res Ptn analyst D. Joyce now expects the financial services provider to post earnings of $0.25 per share for the quarter, up from his previous forecast of $0.19. The consensus estimate for the Atlanta Braves’ current annual earnings is ($0.18) per share. Seaport Res Ptn also released estimates for the Atlanta Braves’ first quarter 2025 earnings at ($0.92) per share, second quarter 2025 earnings at $0.43 per share, third quarter 2025 earnings at $0.29 per share and fourth quarter 2025 earnings at ($0.35) per share.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) last released their quarterly earnings results on Wednesday, February 28th. The financial services provider reported earnings per share of ($0.52) 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 analyst estimates of $61.94 million.

Separately, TheStreet lowered the Atlanta Braves from a “c-” grade to a “d+” grade in a report on Tuesday, March 19. One analyst has rated the stock with a sell rating, another has a hold rating and two have given a buy rating to the company’s stock. Based on MarketBeat data, the Atlanta Braves currently have an average rating of “Hold” and a consensus price target of $45.00.

Check out our latest report on the Atlanta Braves

Atlanta Braves shares down 1.7%

Shares of NASDAQ:BATRK opened at $38.61 on Friday. The company has a 50-day moving average of $38.45 and a 200-day moving average of $38.23. The Atlanta Braves have a twelve month low of $33.95 and a twelve month high of $50.15.

Atlanta Braves Institutional Trading

A number of large investors have recently increased or reduced their stakes in BATRK. Vanguard Group Inc. increased its stake in Atlanta Braves by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,342,671 shares of the financial services provider’s stock worth $91,505,000 after purchasing an additional 53,272 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of the Atlanta Braves by 8.5% during the first quarter. ProShare Advisors LLC now owns 8,186 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 644 shares during the period. The Swiss National Bank increased its position in shares of the Atlanta Braves by 11.8% in the 1st quarter. Swiss National Bank now owns 94,536 shares of the financial services provider’s stock valued at $3,693,000 after acquiring an additional 10,000 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in the Atlanta Braves during the first quarter worth approximately $487,000. Finally, Quent Capital LLC increased its position in the Atlanta Braves by 568.4% during the 1st quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,404 shares during the last quarter. 64.88% of the stock is currently 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.

Featured Articles

Receive daily news and evaluations for the Atlanta Braves – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for the Atlanta Braves and related companies with MarketBeat.com’s FREE daily newsletter.