Atlanta Braves Holdings, Inc. – Series A

Description

Atlanta Braves Holdings, Inc., through its subsidiary, Braves Holdings, LLC, owns and operates the Atlanta Braves Major League Baseball Club. It also owns the mixed-use real estate development, the Battery Atlanta, as well as operates the Atlanta Braves Major League Baseball Club's stadium, Truist Park. The company was incorporated in 2022 and is headquartered in Atlanta, Georgia.

About

CEO
Mr. Terence Foster McGuirk
Employees
1,240
Instrument type
Common Stock
Sector
Communication Services
Industry
Entertainment
MIC code
XNGS
Address
Truist Park, Atlanta, GA 30339, United States
Phone
404-614-2300
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Feb 26, 2025 -0.38
Nov 6, 2024 0.35 0.16 -0.19 -54.29%
Sep 13, 2024 0.32 0.46 0.14 43.75%
Aug 8, 2024 0.32 0.46 0.14 43.75%
May 8, 2024 -0.58 -0.83 -0.25 43.10%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 0 0
Average estimate 0.00 0.00
Low estimate 0.00 0.00
High estimate 0.00 0.00
Last year EPS
[stock_revenue_estimate]

Growth estimates

Current qtr
Next qtr. (Mar 2025)
Current year
Next year (Dec 2025)
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
May 16, 2024
Benchmark
Matthew Harrigan
Reiterates Buy Maintains $54
Sep 6, 2023
Rosenblatt
Maintains Buy
Aug 7, 2023
Morgan Stanley
Reiterates Equal-Weight
Jul 6, 2023
Morgan Stanley
Maintains Equal-Weight
May 9, 2023
Morgan Stanley
Maintains Equal-Weight
Apr 24, 2023
Seaport Global
Initiates Buy
Aug 9, 2022
Morgan Stanley
Maintains Equal-Weight
Jun 15, 2022
Morgan Stanley
Maintains Equal-Weight
May 9, 2022
Barclays
Maintains Overweight
May 2, 2022
Morgan Stanley
Maintains Equal-Weight
Apr 26, 2022
Rosenblatt
Initiates Buy
Jan 26, 2022
Morgan Stanley
Maintains Equal-Weight
Aug 9, 2021
Barclays
Maintains Overweight
Jul 28, 2021
Morgan Stanley
Maintains Equal-Weight
May 6, 2021
Morgan Stanley
Maintains Equal-Weight
Dec 1, 2020
Morgan Stanley
Maintains Equal-Weight
Aug 6, 2020
Morgan Stanley
Maintains Equal-Weight
May 8, 2020
Benchmark
Maintains Buy ▼ Lowers $35 → $28
Mar 17, 2020
Morgan Stanley
Maintains Equal-Weight
Dec 17, 2019
Benchmark
Initiates Buy
May 9, 2018
Morgan Stanley
Upgrade Equal-Weight
Jan 31, 2018
Morgan Stanley
Maintains Underweight
Sep 21, 2017
Morgan Stanley
Maintains Underweight

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 640.67M 588.56M 568.00M 178.00M 476.00M
Cost of revenue 491.23M 436.51M
Gross profit 149.44M 152.06M
Operating expense
Research & development
Selling general and admin 124.34M 105.51M 99.00M 67.00M 100.00M
Other operating expenses 434.00M 377.00M 170.00M 344.00M
Operating income -45.88M -25.15M 20.00M -128.00M -39.00M
Non operating interest income
Income
Expense 37.67M 29.58M 24.00M 26.00M 27.00M
Other income expense -45.61M 23.22M 1.00M 38.00M -26.00M
Pretax income -129.16M -31.52M -3.00M -116.00M -92.00M
Tax provision -3.86M 2.66M 8.00M -38.00M -15.00M
Net income -125.29M -34.17M -11.00M -78.00M -77.00M
Basic EPS -2.03 -0.55 -0.21 -1.53 -1.51
Diluted EPS -2.03 -0.55 -0.21 -2.00 -1.51
Basic average shares 61.74M 62.13M 52.79M 51.00M 51.00M
Diluted average shares 61.74M 62.13M 52.79M 51.00M 51.00M
EBITDA 58.59M 77.14M 121.00M -53.00M 52.00M
Net income from continuing op. -125.29M -34.17M -11.00M -78.00M -77.00M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1.50B 1.49B 1.64B 1.57B 1.59B
Current assets
Cash
Cash equivalents
Cash and cash equivalents 125.15M 150.66M 142.00M 151.00M 142.00M
Other short term investments
Accounts receivable 62.92M 70.23M 40.00M 30.00M 28.00M
Other receivables
Inventory
Prepaid assets
Restricted cash 12.57M 22.15M
Assets held for sale
Hedging assets
Other current assets 17.38M 24.33M 148.00M 63.00M 97.00M
Non current assets
Properties
Land and improvements 41.47M 41.47M
Machinery furniture equipment 188.35M 184.29M
Construction in progress 84.55M 10.41M
Leases 140.83M 134.33M
Accumulated depreciation -325.20M -277.98M -231.00M -178.00M -128.00M
Goodwill 475.23M 475.23M 524.00M 527.00M 537.00M
Investment properties
Financial assets
Intangible assets 123.70M 123.70M 164.00M 167.00M 177.00M
Investments and advances 99.21M 94.56M 110.00M 94.00M 99.00M
Other non current assets 120.88M 99.46M 75.00M 87.00M 75.00M
Total liabilities 963.69M 1.19B 1.34B 1.28B 1.22B
Current liabilities
Accounts payable 73.10M 54.75M 66.00M 53.00M 63.00M
Accrued expenses
Short term debt 42.15M 74.81M 12.00M 59.00M 59.00M
Deferred revenue 111.99M 105.00M 83.00M 90.00M 70.00M
Tax payable
Pensions
Other current liabilities 6.44M 6.36M 6.00M 6.00M 5.00M
Non current liabilities
Long term debt 630.70M 574.38M 685.00M 611.00M 495.00M
Provision for risks and charges
Deferred liabilities 50.42M 54.10M 65.00M 52.00M 61.00M
Derivative product liabilities
Other non current liabilities 33.68M 306.36M 454.00M 444.00M 471.00M
Shareholders equity
Common stock 619,000 5.00M
Retained earnings -554.38M -429.08M 12.72B
Other shareholders equity -7.27M -3.76M -5.00M
Total shareholders equity 540.64M 299.51M 296.00M 291.00M 378.00M
Additional paid in capital 1.09B 1.95B
Treasury stock
Minority interest 12.05M

Cash flow statement

20232022202120202019201820172016
Operating Activities
Net Income-125.29M-34.17M-11.00M-78.00M-77.00M11.00M-26.00M-62.00M
Depreciation70.98M71.70M72.00M69.00M71.00M76.00M67.00M32.00M
Deferred Taxes-7.87M-10.41M8.00M-38.00M-15.00M-15.00M-37.00M-18.00M
Stock-Based Compensation13.22M12.23M12.00M6.00M17.00M11.00M48.00M9.00M
Other Non-Cash Items1.22M2.33M20.00M10.00M19.00M-15.00M21.00M16.00M
Accounts Receivable
Accounts Payable-1.00M41.00M23.00M-22.00M-15.00M105.00M
Other Assets & Liabilities-42.80M9.91M-43.00M-29.00M-12.00M8.00M-57.00M-17.00M
Operating Cash Flow-90.55M51.59M57.00M-19.00M26.00M54.00M1.00M65.00M
Investing Activities
Capital Expenditures
Net Intangibles
Net Acquisitions-125,000-5.27M-4.00M-2.00M-20.00M
Purchase of Investments
Sale of Investments48.00M2.00M155.00M5.00M
Investing Cash Flow-15,000118.24M10.00M4.00M-4.00M192.00M-2.00M-53.00M
Financing Activities
Long-Term Debt Issuance83.03M154.75M117.00M228.00M96.00M123.00M544.00M460.00M
Long-Term Debt Payments-56.19M-309.61M-93.00M-114.00M-31.00M-317.00M-218.00M-276.00M
Other Financing Charges5.48M-22.36M-2.00M-9.00M-11.00M-18.00M-30.00M31.00M
Financing Cash Flow32.33M-572.22M22.00M105.00M54.00M-212.00M296.00M418.00M
Other Cash Details
End Cash Position137.72M172.81M244.00M185.00M212.00M190.00M140.00M107.00M
Income Tax Paid
Interest Paid
Free Cash Flow-67.41M35.68M27.00M-136.00M-28.00M70.00M-261.00M-271.00M

Top Institutional Holders

Holder Date Reported Shares Value % Held
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Vanguard Total Stock Market Index Fund Sep 30, 2024 212,653 9.39M 2.06%
Gabelli Small Cap Growth Fund Sep 30, 2024 166,321 7.34M 1.61%
Third Avenue Small-Cap Value Fund Oct 31, 2024 164,438 7.26M 1.59%
Gabelli Asset Fund (The) Sep 30, 2024 119,800 5.29M 1.16%
Gabelli Equity Trust Inc (The) Sep 30, 2024 118,000 5.21M 1.14%
Fidelity Small Cap Index Fund Oct 31, 2024 102,346 4.52M 0.99%
Atlanta Braves Holdings Announces Fourth Quarter and Year End 2024 Earnings Release and Quarterly Conference Call Article
Atlanta Braves Holdings Announces Fourth Quarter and Year End 2024 Earnings Release and Quarterly Conference Call
ATLANTA--(BUSINESS WIRE)--Atlanta Braves Holdings, Inc. (“Atlanta Braves Holdings”) (NASDAQ: BATRA, BATRK) announced that it will host a conference call to discuss results for the fourth quarter and year end 2024 on Wednesday, February 26 at 10:00 a.m. E.T. Before the open of market trading that day, Atlanta Braves Holdings will issue a press release reporting such results, which can be found at https://www.bravesholdings.com/news/press-releases. The press release and conference call may discus.
Business Wire Neutral
Jan 28, 2025
'Forgotten 40' stocks forecast to do well in 2025 Video
'Forgotten 40' stocks forecast to do well in 2025
Jonathan Boyar, president of Boyar Research, sits down with Madison Mills and Seana Smith to discuss the firm's top stock picks from its annual “Forgotten 40” report, highlighting underpriced stocks with significant potential to outperform. Boyar explains the private-equity approach to public markets, focusing on two core investment themes: "One, small caps.
Yahoo Finance Positive
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New Strong Sell Stocks for November 21st Article
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BATRA, BAX and BRKR have been added to the Zacks Rank #5 (Strong Sell) List on November 21, 2024.
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Nov 21, 2024
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