Atlanta Braves (NASDAQ:BATRA) Hits New 52-Week Low – Here’s What Happened

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) reached a new 52-week low during trading on Tuesday . The company traded as low as $38.90 and last traded at $39.50, with a volume of 48477 shares. The stock had previously closed at $39.17.

Atlanta Braves Trading Up 1.2 %

The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The company’s 50 day simple moving average is $41.27 and its 200-day simple moving average is $42.91. The firm has a market cap of $2.47 billion, a P/E ratio of -54.59 and a beta of 0.78.

Hedge Funds Weigh In On Atlanta Braves

A number of institutional investors have recently modified their holdings of BATRA. Gabelli Funds LLC raised its position in shares of Atlanta Braves by 0.8% in the 2nd quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock worth $34,615,000 after acquiring an additional 6,321 shares in the last quarter. Geode Capital Management LLC lifted its position in Atlanta Braves by 1.4% during the third quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock valued at $11,817,000 after acquiring an additional 3,798 shares during the last quarter. State Street Corp grew its holdings in Atlanta Braves by 1.3% in the third quarter. State Street Corp now owns 266,968 shares of the financial services provider’s stock worth $11,253,000 after purchasing an additional 3,432 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Atlanta Braves by 7.9% during the second quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Aurora Investment Counsel increased its position in shares of Atlanta Braves by 12.1% during the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 4,945 shares in the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Company Profile

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.