Atlanta Braves (NASDAQ:BATRA) Sees Strong Trading Volume - What's Next?

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 90,407 shares were traded during trading, an increase of 143% from the previous session's volume of 37,256 shares.The stock last traded at $44.69 and had previously closed at $43.31.Get Atlanta Braves alerts:Analyst Ratings ChangesSeparately, Benchmark reissued a "buy" rating and set a $60.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 27th.Get Our Latest Analysis on BATRAAtlanta Braves Trading Up 2.3 %The company has a market cap of $2.74 billion, a PE ratio of -60.88 and a beta of 0.73. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The business has a 50 day simple moving average of $42.83 and a two-hundred day simple moving average of $42.31. Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.78) by $0.47. The firm had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year. Insiders Place Their BetsIn other news, major shareholder John C. Malone purchased 2,760 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the purchase, the insider now directly owns 214,118 shares of the company's stock, valued at $8,990,814.82. The trade was a 1.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 47,692 shares of company stock valued at $1,980,287 over the last quarter. Company insiders own 4.83% of the company's stock. Hedge Funds Weigh In On Atlanta BravesSeveral hedge funds and other institutional investors have recently made changes to their positions in BATRA. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlanta Braves during the fourth quarter valued at approximately $53,000. BNP Paribas Financial Markets purchased a new stake in Atlanta Braves during the 4th quarter worth $59,000. PNC Financial Services Group Inc. lifted its holdings in Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after buying an additional 914 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Atlanta Braves during the fourth quarter valued at about $96,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 2,180 shares in the last quarter. Institutional investors and hedge funds own 12.31% of the company's stock. About Atlanta Braves (Get Free Report)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. See AlsoFive stocks we like better than Atlanta BravesMost Volatile Stocks, What Investors Need to KnowEnergy Transfer: Powering Data With Dividends and DiversificationTSX Venture Exchange (Formerly Canadian Venture Exchange)Qualcomm Stock Is Coiling for a Breakout Investing in Travel Stocks BenefitsIs Alphabet Too Cheap to Ignore After Its Recent Correction?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Atlanta Braves Right Now?Before you consider Atlanta Braves, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlanta Braves wasn't on the list.While Atlanta Braves currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here