Atlanta Braves (NASDAQ:BATRK) Hits New 12-Month Low – What’s Next?

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) hit a new 52-week low during trading on Wednesday . The stock traded as low as $36.63 and last traded at $36.71, with a volume of 8488 shares traded. The stock had previously closed at $37.03.

Atlanta Braves Stock Down 1.2 %

The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -50.12 and a beta of 0.72. The stock has a 50 day moving average of $39.59 and a 200 day moving average of $40.64.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quent Capital LLC lifted its stake in Atlanta Braves by 568.4% in the third quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after buying an additional 1,404 shares during the last quarter. nVerses Capital LLC lifted its position in Atlanta Braves by 25.0% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 600 shares during the last quarter. Quest Partners LLC boosted its stake in Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 4,323 shares during the period. Quantinno Capital Management LP bought a new position in Atlanta Braves in the 3rd quarter worth about $205,000. Finally, FORA Capital LLC acquired a new stake in shares of Atlanta Braves in the third quarter valued at approximately $211,000. 64.88% of the stock is currently owned by institutional investors.

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.