Atlanta Braves Holdings, Inc. (BATRA) Stock Price & Analysis
Atlanta Braves Holdings, Inc. (BATRA) closed at USD 54.69 on Thursday, October 22, 2026, down 0.78% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 55.12; the Oct 22, 2026 session ranged USD 54.63–55.53 on volume of 30,624 shares. Market capitalization is $3.51B, with a 52-week range of USD 41.5–60.48 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BATRA.md
Key facts (BATRA)
- Last four reported quarters (through Jun 30, 2026): revenue $750M, net income -$64.2M (-8.6% margin) (SEC filings).
- 1 of 80 tracked superinvestors hold BATRA (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $15.3M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None.
- Total return with dividends: 1Y +27.4% vs S&P 500 +14.9%; 5Y +89.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD —, revenue estimate $345M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BATRA)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $589M | $641M | $663M | $732M | $750M |
| Operating income | -$30.6M | -$46.4M | -$39.7M | -$13.5M | -$70.7M |
| Net income | -$34.2M | -$125M | -$31.3M | -$23.4M | -$64.2M |
| EPS (diluted) | -$0.55 | -$2.03 | -$0.50 | -$0.37 | — |
| Free cash flow | $35.7M | -$67.4M | -$69.4M | -$68.5M | — |
| Operating margin | -5.2% | -7.2% | -6.0% | -1.8% | -9.4% |
| Net margin | -5.8% | -19.6% | -4.7% | -3.2% | -8.6% |
| Revenue growth | — | +8.9% | +3.4% | +10.5% | — |
| Cash + short-term investments | $151M | $125M | $110M | $99.9M | — |
| Total debt | $542M | $569M | $617M | $739M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BATRA)
P/S 4.7x · EV/EBITDA 377.7x · EV/Sales 5.6x · P/B 6.8x · Earnings yield -1.83% · Net debt $677M · EV $4.19B
Superinvestors (SEC 13F-HR, Q2 2026) (BATRA)
1 of 80 tracked investors hold BATRA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management | 1.22% | $7.7M | Reduced -27.6% |
Insider sales (SEC Form 4, open-market, last ~7 months) (BATRA)
3 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-30 | Schiller Derek Gordon | EVP, Business | 175,395 | $9.3M | 35.6% | Yes (adopted June 30, 2026) | Too little history (no open-market trades in 2023) |
| 2026-09-29 | Heller Gregory John | EVP, CLO & Secretary | 80,263 | $4.3M | 77.9% | Yes (adopted June 30, 2026) | Too little history (no open-market trades in 2023) |
| 2026-08-19 | Robinson Jill L. | EVP, CFO & Treasurer | 30,263 | $1.6M | 27.6% | Yes (adopted May 18, 2026) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BATRA)
Consensus None.
Total return (dividends reinvested) (BATRA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +27.4% | +89.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.5% | +13.6% |
| Volatility (annualized) | 19.7% | 20.6% |
| Max drawdown | -9.4% (Sep 2026→Oct 2026) | -19.9% (Jul 2023→Nov 2023) |
BATRA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Main Street Sports Group | “In late 2025 and early 2026, the parent of our local broadcasting partner, Main Street Sports Group, faced financial difficulties culminating in the failure to make contractual payments to various professional sport clubs, including the Braves.” |
Quoted from the company's 10-K filed Feb 26, 2026.
BATRA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | — | — | — | $344.6M | — |
| Next quarter (ends Dec 2026) | — | — | — | $72.9M | — |
| Current fiscal year (ends Dec 2026) | — | — | — | $793.3M | — |
| Next fiscal year (ends Dec 2027) | — | — | — | $840.8M | — |
BATRA options: expected move
Options price a move of about ±5.1% (±$2.78) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±2.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 22.3% | ±5.1% |
| Feb 19, 2027 | 119 | 21.0% | ±9.8% |
| May 21, 2027 | 210 | 19.9% | ±12.3% |
30-day implied volatility 21% vs 21% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 54.69 |
|---|---|
| Change | ▼ 0.78% (down) |
| Previous Close | USD 55.12 |
| Open | USD 55.08 |
| Day Range | USD 54.63 – 55.53 |
| 52-Week Range | USD 41.5 – 60.48 |
| Volume | 30,624 shares |
| Market Cap | $3.51B |
| Exchange | NMS |
Technical Analysis (BATRA)
Nexqual's technical model rates BATRA "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.36 (neutral) |
| vs SMA50 | Below (USD 56.57) |
| MACD | -0.58 (negative) |
Analyst Ratings (BATRA)
Wall Street analysts rate BATRA "None", per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | None |
|---|
Earnings (BATRA)
| Next Earnings Date | 2026-11-04 |
|---|---|
| Revenue Estimate | $344.61M |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (BATRA)
| Total Revenue | $749.97M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -2.30% |
| Gross Margin | +24.90% |
| Operating Margin | -6.08% |
| Profit Margin | -8.56% |
| ROE | -12.03% |
| Debt / Equity | 1.7 |
| Current Ratio | 0.49 |
| Total Cash | $116.28M |
| Total Debt | $896.69M |
| Free Cash Flow (fiscal year ended Dec 2025, SEC 10-K) | -$68.47M (-9.3% of revenue) |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (BATRA)
Nexqual rates Atlanta Braves Holdings, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 25%, operating -6% (last 12 months) |
| Balance Sheet | Critical — $116M cash and investments vs $793M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$68M (FY ended Dec 2025, 10-K), burning cash |
| Efficiency | Critical — ROE -12%, ROA -1.4% |
Ownership (BATRA)
| Insider Ownership | +5.41% |
|---|---|
| Institutional Ownership | +76.92% |
| Shares Outstanding | 10.32M |
| Float | 58.39M |
| Short % of Float | +5.96% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (BATRA)
Atlanta Braves Holdings, Inc. is led by Terence Foster McGuirk, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 10:38 UTC.
| Chairman, President & CEO | Terence Foster McGuirk |
|---|---|
| Executive VP, CFO & Treasurer | Jill L. Robinson |
| Executive Vice President-Development | Michael P. Plant |
| Executive Vice President-Business | Derek G. Schiller |
| Vice President of Investor Relations | Cameron Rudd |
Major Backers & Investors (BATRA)
Notable institutional backers of Atlanta Braves Holdings, Inc. include Gamco Investors, Inc ET AL, Gabelli Funds, LLC, EQ Advisors Trust-1290 VT GAMCO Small Company Value Portfolio, according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Gamco Investors, Inc ET AL | 20.79% |
| Gabelli Funds, LLC | 8.89% |
| EQ Advisors Trust-1290 VT GAMCO Small Company Value Portfolio | 4.51% |
| Renaissance Technologies | 3.37% |
| Morgan Stanley | 3.02% |
| Gabelli Equity Series Funds Inc-The Gabelli Small Cap Growth Fund | 2.77% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 5.32% |
| Vanguard Group | 3.97% |
| State Street | 2.32% |
| Dimensional Fund Advisors | 2.18% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
From Atlanta Braves Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe Truist Park is an industry-leading sports complex spanning approximately 1.1 million square feet, with 40,700 seats, including 63 suites and 5,600 premium seats, multiple hospitality clubs and retail merchandise venues.
Partnerships
- The Braves had a long-term local television broadcasting agreement with SportSouth Network II, LLC ("SportSouth"), a subsidiary of Main Street Sports Group, LLC (formerly known as Diamond Sports Group), granting its regional cable networks the right to broadcast substantially all of the Braves games not otherwise selected for broadcast within the home television territory of the Braves (such agreement, as amended, the "Braves Broadcast Agreement").
- The Braves through its wholly-owned subsidiary have exclusive operating rights to the facility via a Facility Operating Agreement with Sarasota County which expires December 2049, and may be extended through December 2059 at the option of Braves Holdings and its subsidiary.
Legal & Regulatory Risks (Item 1A, quoted)
- The processing, storage, sharing, use, disclosure and protection of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements or differing views of personal privacy rights.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MANU | Manchester | USD 20.78 | ▼ 0.38% |
| LION | Lionsgate Studios Corp | USD 12.7 | ▲ 0.16% |
| SPHR | Sphere Entertainment Co. | USD 111.61 | ▼ 2.16% |
| IMAX | Imax Corporation | USD 52.31 | ▼ 1.47% |
| VSNT | Versant Media Group, Inc. | USD 32.29 | ▲ 3% |
| CNK | Cinemark Holdings Inc Cinemark | USD 39.61 | ▼ 0.78% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt