Atlanta Braves (NASDAQ:BATRK) Posts Earnings Results, Beats Expectations By $0.05 EPS

Atlanta Braves (NASDAQ:BATRK) posted its quarterly earnings results on Thursday. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05, Zacks reports. The company had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. During the same quarter in the previous year, the company posted ($0.55) earnings per share.

Atlanta Braves Price Performance

BATRK stock traded down $0.61 during mid-day trading on Friday, reaching $42.06. The company had a trading volume of 396,706 shares, compared to its average volume of 199,393. The company has a market capitalization of $2.13 billion and a PE ratio of -21.03. The firm has a 50 day moving average of $40.93 and a 200 day moving average of $39.68. Atlanta Braves has a 12 month low of $33.95 and a 12 month high of $44.15.

Insider Activity

In other news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the purchase, the insider now directly owns 7,550 shares in the company, valued at $301,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 3,000 shares of company stock valued at $121,765. Corporate insiders own 11.43% of the company’s stock.

About Atlanta Braves

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