Atlanta Braves (NASDAQ:BATRK) Reaches New 1-Year Low – Time to Sell?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $35.81 and last traded at $36.55, with a volume of 264993 shares. The stock had previously closed at $36.10.

Atlanta Braves Price Performance

The stock has a 50-day moving average price of $39.30 and a 200-day moving average price of $40.58. The company has a market capitalization of $1.86 billion, a P/E ratio of -50.07 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BATRK. Barclays PLC raised its stake in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after buying an additional 50,702 shares during the last quarter. Harvey Partners LLC grew its holdings in Atlanta Braves by 14.6% during the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after acquiring an additional 64,500 shares during the period. HBK Investments L P raised its position in shares of Atlanta Braves by 57.0% in the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after acquiring an additional 174,300 shares in the last quarter. FMR LLC lifted its stake in shares of Atlanta Braves by 2.1% in the 3rd quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 444 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $6,736,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

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.