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

Atlanta Braves Holdings, Inc. (NASDAQ: BATRA – Free Report) – Analysts at Seaport Res Ptn dropped their second-quarter 2024 earnings per share (EPS) estimates for the Atlanta Braves in a research note published in the investors on Thursday, May 9. Seaport Res Ptn analyst D. Joyce now expects the financial services provider to post earnings of $0.32 per share for the quarter, down from his previous forecast of $0.39 $. The consensus estimate for the Atlanta Braves’ current annual earnings is ($0.42) 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:BATRA – 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 $61.94 million expected by analysts.

Atlanta Braves shares down 2.0%

BATRA shares opened at $41.62 on Friday. The stock has a 50-day moving average price of $41.33 and a two-hundred-day moving average price of $41.39. The Atlanta Braves have a 52-week low of $36.78 and a 52-week high of $54.94. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.93, and a quick ratio of 0.93.

Institutional inputs and outputs

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Roundview Capital LLC purchased a new position in shares of the Atlanta Braves during the third quarter valued at approximately $7,344,000. Central Pacific Bank Trust Division purchased a new stake in the Atlanta Braves in the first quarter, valued at approximately $692,000. Sapient Capital LLC acquired a new stake in Atlanta Braves during the fourth quarter, valued at approximately $582,000. Vanguard Group Inc. increased its stake in Atlanta Braves by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock valued at $25,496,000 after purchasing an additional 13,486 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in shares of the Atlanta Braves during the fourth quarter valued at $355,000. 12.31% of shares are currently owned by hedge funds and other 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.

Further reading

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