Atlanta Braves (BATRA)
Market Price (2/14/2026): $47.63 | Market Cap: $3.0 BilSector: Communication Services | Industry: Movies & Entertainment
Atlanta Braves (BATRA)
Market Price (2/14/2026): $47.63Market Cap: $3.0 BilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 19% | Weak multi-year price returns2Y Excs Rtn is -27%, 3Y Excs Rtn is -10% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 56x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 108x |
| Megatrend and thematic driversMegatrends include Sports & Live Entertainment. Themes include Live Events & Spectator Sports, Sports Media Rights, and Fan Engagement & Merchandise. | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.9% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.3% | ||
| Key risksBATRA key risks include [1] its financial dependence on the team's on-field performance and [2] significant uncertainty surrounding its local media rights agreement due to a partner's bankruptcy. |
| Low stock price volatilityVol 12M is 19% |
| Megatrend and thematic driversMegatrends include Sports & Live Entertainment. Themes include Live Events & Spectator Sports, Sports Media Rights, and Fan Engagement & Merchandise. |
| Weak multi-year price returns2Y Excs Rtn is -27%, 3Y Excs Rtn is -10% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 56x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 108x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.9% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.3% |
| Key risksBATRA key risks include [1] its financial dependence on the team's on-field performance and [2] significant uncertainty surrounding its local media rights agreement due to a partner's bankruptcy. |
Qualitative Assessment
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1. Strong Third Quarter 2025 Financial Performance: Atlanta Braves Holdings reported robust financial results for the third quarter of 2025 on November 5, 2025, significantly exceeding analyst expectations. Total revenue increased by 7% year-over-year to $312 million, while baseball revenue grew by 4% to $284 million due to contractual rate increases, new premium seating, sponsorships, and a renegotiated local broadcast agreement. The company's Adjusted OIBDA surged by 114% to $67 million, and operating income for the first nine months of 2025 turned profitable at $36.3 million, compared to a loss in the prior year. The reported Earnings Per Share (EPS) of $0.47 significantly surpassed the consensus estimate of $0.24.
2. Positive Analyst Sentiment and Perceived Undervaluation: Throughout the period, analysts maintained a positive outlook on BATRA, with the stock frequently cited as undervalued. A February 13, 2026, article indicated that Atlanta Braves Holdings remained undervalued, with an asset valuation of $3.9 billion against a $2.56 billion market capitalization. In November 2025, Benchmark reiterated a "Buy" rating with a price target of $67, and as of February 7, 2026, BATRA held a "Strong Buy" consensus rating from analysts. Technical analysis in February 2026 also indicated "buy signals from both short and long-term Moving Averages," suggesting a positive forecast.
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Stock Movement Drivers
Fundamental Drivers
The 10.4% change in BATRA stock from 10/31/2025 to 2/14/2026 was primarily driven by a 7.5% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.14 | 47.63 | 10.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 702 | 723 | 3.0% |
| P/S Multiple | 3.8 | 4.1 | 7.5% |
| Shares Outstanding (Mil) | 63 | 63 | -0.3% |
| Cumulative Contribution | 10.4% |
Market Drivers
10/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| BATRA | 10.5% | |
| Market (SPY) | -0.0% | 15.2% |
| Sector (XLC) | -0.2% | 25.5% |
Fundamental Drivers
The 1.1% change in BATRA stock from 7/31/2025 to 2/14/2026 was primarily driven by a 7.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.10 | 47.63 | 1.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 673 | 723 | 7.5% |
| P/S Multiple | 4.4 | 4.1 | -5.6% |
| Shares Outstanding (Mil) | 63 | 63 | -0.4% |
| Cumulative Contribution | 1.1% |
Market Drivers
7/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| BATRA | 1.2% | |
| Market (SPY) | 8.2% | 20.6% |
| Sector (XLC) | 7.0% | 25.0% |
Fundamental Drivers
The 11.6% change in BATRA stock from 1/31/2025 to 2/14/2026 was primarily driven by a 6.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.69 | 47.63 | 11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 678 | 723 | 6.6% |
| P/S Multiple | 3.9 | 4.1 | 6.0% |
| Shares Outstanding (Mil) | 62 | 63 | -1.3% |
| Cumulative Contribution | 11.6% |
Market Drivers
1/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| BATRA | 11.6% | |
| Market (SPY) | 14.3% | 48.3% |
| Sector (XLC) | 12.9% | 48.9% |
Fundamental Drivers
The 55.8% change in BATRA stock from 1/31/2023 to 2/14/2026 was primarily driven by a 34.9% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.57 | 47.63 | 55.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 621 | 723 | 16.5% |
| P/S Multiple | 3.1 | 4.1 | 34.9% |
| Shares Outstanding (Mil) | 62 | 63 | -0.9% |
| Cumulative Contribution | 55.8% |
Market Drivers
1/31/2023 to 2/14/2026| Return | Correlation | |
|---|---|---|
| BATRA | 55.9% | |
| Market (SPY) | 74.0% | 42.9% |
| Sector (XLC) | 114.2% | 40.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BATRA Return | 23% | 0% | 40% | -5% | 4% | 8% | 84% |
| Peers Return | 19% | 3% | 11% | -3% | 17% | 7% | 64% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| BATRA Win Rate | 42% | 0% | 25% | 33% | 42% | 100% | |
| Peers Win Rate | 58% | 52% | 54% | 54% | 44% | 75% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BATRA Max Drawdown | 0% | 0% | 0% | -7% | -4% | -0% | |
| Peers Max Drawdown | -8% | -19% | -12% | -16% | -12% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSGS, RCI, VICI, EPR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | BATRA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -22.4% | -25.4% |
| % Gain to Breakeven | 28.8% | 34.1% |
| Time to Breakeven | 700 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -53.9% | -33.9% |
| % Gain to Breakeven | 116.8% | 51.3% |
| Time to Breakeven | 327 days | 148 days |
| 2018 Correction | ||
| % Loss | -17.6% | -19.8% |
| % Gain to Breakeven | 21.3% | 24.7% |
| Time to Breakeven | 232 days | 120 days |
Compare to MSGS, RCI, VICI, EPR
In The Past
Atlanta Braves's stock fell -22.4% during the 2022 Inflation Shock from a high on 3/17/2021. A -22.4% loss requires a 28.8% gain to breakeven.
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About Atlanta Braves (BATRA)
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- Like a regional MGM Resorts, but with a baseball team as its main attraction instead of a casino.
- Imagine if the Dallas Cowboys were publicly traded, owning not just the team but also the entire entertainment district around their stadium.
- Like a Six Flags or Cedar Fair, but centered around a professional baseball team and its surrounding commercial district instead of rides.
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*Major Products & Services of Atlanta Braves (BATRA)
- Live Entertainment (Baseball Games): Selling tickets and premium seating for professional baseball games at Truist Park.
- Media Rights: Licensing the rights to broadcast games across television, radio, and digital streaming platforms.
- Merchandise: Selling team-branded apparel, accessories, and memorabilia.
- Sponsorships & Advertising: Providing marketing and promotional opportunities for brands within the stadium and across media channels.
- Food & Beverage Sales: Offering a variety of food, drinks, and concessions to fans attending events at the stadium.
- Venue Operations & Other Events: Managing and monetizing Truist Park and The Battery Atlanta for non-game events, concerts, and commercial activities.
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The Atlanta Braves (symbol: BATRA) operates a professional sports team whose revenue streams come from a mix of sources. While a significant portion of their business involves selling tickets, merchandise, and concessions directly to individual fans, the **major customers** from a revenue perspective often involve large, multi-year contracts with other companies for broadcasting rights and sponsorships. Therefore, the company sells primarily to other companies when identifying its major customers. Here are some of their major corporate customers:- Truist Financial Corporation (symbol: TFC): Truist holds the naming rights for the Atlanta Braves' home stadium, Truist Park, a significant long-term sponsorship agreement.
- Warner Bros. Discovery (symbol: WBD): As the parent company of TBS, Warner Bros. Discovery is a major national media partner for Major League Baseball, with revenue from these national deals shared among MLB teams, including the Braves.
- The Walt Disney Company (symbol: DIS): Through its ESPN subsidiary, Disney is another major national media partner for Major League Baseball, contributing significantly to the Braves' revenue via shared broadcasting rights.
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- Delaware North
- Live Nation Entertainment (LYV)
- Fanatics
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```htmlTerence F. McGuirk is the President and Chief Executive Officer of Atlanta Braves Holdings, Inc.. He also serves as Chairman, President & CEO of Braves Holdings, LLC, the parent company of the Atlanta Braves and Braves Development Company. McGuirk has a long-standing association with Turner Broadcasting System, Inc. (TBS), where he spent 35 years. He was instrumental in securing cable television coverage for the Olympics for the first time and oversaw the resurgence of the Atlanta Braves during his tenure as president of Turner Sports. From 1996 to 2001, he succeeded R.E. (Ted) Turner as chairman, president, and CEO of TBS, Inc., overseeing its merger with Time Warner Inc.. Following this, he was vice chairman of Turner Broadcasting System Inc. and chief executive officer of the Atlanta sports teams (Braves, Hawks, and Thrashers) from 2001 through 2003. He has been Chairman and CEO of Braves Holdings, LLC since 2014. In 2021, McGuirk oversaw the organizational efforts that led to the Braves' fourth World Series title. Recently, in August 2024, he was appointed President and CEO of Atlanta Braves Holdings, Inc. and received new voting power and a right of first refusal on future sales of Braves stock owned by John Malone, Liberty Media's billionaire chairman, further empowering the Atlanta-based management team. This realignment saw almost all Liberty Media executives, including Liberty CEO Greg Maffei, step down from their Braves Holdings roles.
Jill Robinson is the Executive Vice President, Chief Financial Officer, and Treasurer of Atlanta Braves Holdings, Inc., a position she was promoted to effective September 1, 2024. She joined the Braves in April 2018 as chief financial officer and executive vice president. In her role, Robinson oversees the Braves' accounting, finance, and information technology operations, as well as the financial interests in The Battery Atlanta. Prior to joining the Braves, Robinson worked for McKesson Corporation, a Fortune 500 company, for 16 years, in both San Francisco and Atlanta. At McKesson, she held various positions, including chief financial officer and senior vice president for McKesson Technology Solutions, a $3 billion healthcare technology company, from February 2013 to April 2018. Robinson began her professional career with Deloitte & Touche and also served as Controller for Tambourine, Inc., an independent record label.
Derek Schiller serves as the Executive Vice President, Business of Atlanta Braves Holdings, Inc., a role he was appointed to effective September 1, 2024. Previously, he was the President and Chief Executive Officer of the Atlanta Braves since 2018, having joined the organization in November 2003. Schiller has a background in sports executive leadership, having served as vice president of business development for the New York Yankees from 1996 to 1997 and held an executive position with the Atlanta Thrashers. He played a pivotal role in securing the plans for and throughout the design and execution phases of Truist Park and the adjacent mixed-use development, The Battery Atlanta. He oversees all business functions of the front office, including business departments, service-driven departments, baseball and corporate communications, community relations, and ballpark operations. Schiller holds an engineering degree from Vanderbilt University.
Mike Plant is the Executive Vice President, Development of Atlanta Braves Holdings, Inc.. He also holds the title of President & CEO of Braves Development Company. Plant is responsible for overseeing the Braves' real estate and development holdings, which include The Battery Atlanta, its development and project management teams, design, financing, construction, and leasing activities. His responsibilities also extend to Braves and Battery security, life safety, parking, government relations, and working with executives on all Minor League Team operations and the Spring Training complex in North Port, Florida. Plant took over as president in charge of development for the Atlanta Braves in 2016.
DeRetta Rhodes, PhD, is the Executive Vice President & Chief Culture Officer of Atlanta Braves Holdings, Inc.. In this role, she is responsible for overseeing people capital initiatives, communications, and community affairs for the Braves, The Battery Atlanta, and the team's Spring Training facility operations. Before joining the Braves, Dr. Rhodes served as the Executive Vice President/Chief Human Resources Officer of the YMCA of Metro Atlanta. Her extensive career also includes leadership positions as Vice President of Human Resources at First Data and Vice President of Human Resources for Turner Broadcasting, as well as roles at Ernst & Young, ADP, HomeGrocer.com, and YUM Brand.
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The key risks to the business of Atlanta Braves Holdings (symbol: BATRA) are:- Dependence on Team Performance: The financial success of Atlanta Braves Holdings is significantly tied to the on-field performance of the Atlanta Braves baseball team. Strong team performance drives ticket sales, merchandise revenue, and sponsorship deals, while a decline in performance due to factors like long-term injuries to key players or the loss of key coaches can lead to lower attendance and decreased revenues. This direct correlation introduces unpredictability to the company's revenue streams.
- Uncertainty in Media Rights: The company faces potential material unfavorable impacts from turbulence in its local media situation, particularly due to the bankruptcy proceedings of Diamond Sports Group (DSG), which operates FanDuel Sports Network. Although the Braves have continued to receive scheduled payments, the future of these broadcast deals is uncertain, with Major League Baseball (MLB) opposing DSG's assumption of the Braves' broadcast agreement. Media rights contribute nearly 25% of the team's total revenue.
- Sensitivity to Economic Downturns and Consumer Discretionary Spending: As a provider of discretionary entertainment, Atlanta Braves Holdings is vulnerable to economic downturns that can negatively affect consumer spending. A decline in disposable income could lead to reduced ticket sales, lower concessions revenue, and challenges in filling commercial real estate spaces within The Battery Atlanta, thereby impacting the company's overall financial performance.
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The clear emerging threat for the Atlanta Braves is the ongoing instability and potential collapse of the regional sports network (RSN) model, specifically concerning Diamond Sports Group (Bally Sports). The Braves' games are broadcast on Bally Sports South, and Diamond Sports Group's recent bankruptcy filing and efforts to restructure or exit contracts pose a significant risk to the team's local media rights revenue and fan accessibility. This situation is forcing a re-evaluation of how sports content is distributed and monetized at the local level, mirroring the disruptive impact of past technological or business model shifts.
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The Atlanta Braves (symbol: BATRA) have several main products and services for which addressable markets can be identified. These primarily revolve around their Major League Baseball (MLB) franchise and the associated mixed-use development, The Battery Atlanta. The addressable markets are primarily within the United States.
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Live Event Attendance (Tickets, Concessions, Parking, Stadium-related revenue):
The addressable market for live sports events in the U.S. is substantial. The United States sports event market was valued at approximately USD 104.81 billion in 2024 and is projected to reach USD 200.09 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 7.34% from 2025 to 2033. This market encompasses professional sports events, which was the largest revenue-generating type of event in 2024.
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Licensed Merchandise (Retail/Licensing):
The U.S. Licensed Sports Merchandise Market is a significant addressable market. It is projected to grow from USD 11.72 billion in 2025 to USD 17.02 billion by 2033, at a CAGR of 4.80%. Another estimate indicates the market was valued at USD 9.5 billion in 2024 and is projected to reach USD 17 billion by 2035, with a CAGR of 5.43% from 2025 to 2035.
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Sponsorships/Advertising:
The United States Sports Sponsorship Market represents a large addressable market for the Braves. It was valued at USD 20.31 billion in 2024 and is projected to reach USD 43.45 billion by 2033, growing at a CAGR of 8.87% during the forecast period of 2025-2033. US major professional sports teams collectively generated US$7.66 billion in sponsorship revenue in 2024.
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Broadcasting Rights (Media Rights):
The addressable market for sports broadcasting media rights in the U.S. is substantial. Spending on U.S. TV and streaming sports media rights is estimated to reach $30.5 billion in 2025. The United States sports broadcasting media market was valued at USD 29.84 billion in 2024 and is expected to grow to USD 33.95 billion by 2034, with a CAGR of 1.30% during the forecast period of 2025-2034.
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Mixed-Use Development (The Battery Atlanta):
The Battery Atlanta is a mixed-use development that generates revenue primarily from rental income (retail, office, hotel), parking, and advertising sponsorships. This is a highly localized market integrated with the team's operations. In Q3 2025, Mixed-Use Development revenue for the Atlanta Braves surged to $27 million. In 2023, The Battery Atlanta generated $59 million in revenue. Given its unique and integrated nature as a real estate development tied to the stadium, a direct, separate addressable market size for "The Battery Atlanta" as a product or service offered by the Braves is not readily available in general market data. Its revenue contribution represents its direct market impact.
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The Atlanta Braves Holdings (BATRA) is expected to drive future revenue growth over the next 2-3 years through a combination of its core baseball operations and strategic real estate ventures. Key drivers include:- Expansion and Performance of Mixed-Use Development: The Battery Atlanta, the Braves' mixed-use development, continues to be a significant revenue generator. Growth is anticipated from increased rental income, sponsorship revenue, and parking revenue, further bolstered by strategic acquisitions such as Pennant Park. Mixed-use development revenue surged by 56% in Q3 2025, contributing approximately 11% to the company's total revenue year-to-date.
- Growth in Broadcasting and Media Rights: Renegotiated local rights agreements and the granting of additional streaming rights to regional broadcast partners are expected to boost broadcasting revenue. For example, broadcasting revenue increased 14% year-over-year in Q2 2025 and 12% year-over-year in Q3 2025. The company is also exploring direct-to-consumer streaming opportunities to enhance fan engagement and monetization.
- Increased Ticket and Sponsorship Revenue: The Atlanta Braves anticipate continued strong demand for tickets, supported by contractual rate increases on season tickets and existing sponsorship contracts, as well as new premium seating and sponsorship agreements. Despite some fluctuations in attendance, the team has achieved record-breaking ticket sales and sponsorship revenue, maintaining a significant waitlist for season tickets.
- Hosting Non-Baseball Events at Truist Park: Beyond baseball games, Truist Park is a venue for various other events, such as concerts and special gatherings, which contribute to "other revenue." The upcoming 95th Annual All-Star Game in 2025 is a notable example that will showcase The Battery Atlanta and Truist Park on a global stage, further driving revenue.
- Investment in On-Field Performance: While indirect, management's commitment to investing in player payroll and aiming for a top 5 salary position for the 2026 season signals an expectation that strong on-field performance will drive fan interest, attendance, merchandise sales, and overall brand value, thereby supporting broader revenue growth.
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Share Repurchases
- Atlanta Braves Holdings (BATRA) has not reported significant share repurchase programs or activities since its spin-off from Liberty Media in July 2023. Data for net common equity issued/repurchased for BATRA shows as "N/A" for 2022, 2023, and 2024, suggesting no substantial repurchases.
Share Issuance
- On July 18, 2023, Atlanta Braves Holdings was spun off from Liberty Media, resulting in the issuance of approximately 10.3 million shares of Series A, 981 thousand shares of Series B, and 50.4 million shares of Series C common stock in exchange for Liberty Braves common stock.
- In November 2023, Liberty Media exchanged 1,811,066 shares of Atlanta Braves Holdings Series C common stock with a third party to satisfy debt, which were subsequently sold in a secondary public offering. Atlanta Braves Holdings did not receive any proceeds from this sale.
- The number of shares outstanding for BATRA increased by 1.08% in the year leading up to November 2025.
Outbound Investments
- In April 2025, Atlanta Braves Holdings acquired additional real estate assets to expand its portfolio and diversify its tenant base, notably including the acquisition of Pennant Park.
- The acquisition of Pennant Park, a six-building office complex near The Battery Atlanta, increased Atlanta Braves Holdings' land footprint by over 30%, bringing its total available square footage to more than 3 million across various properties.
- This expansion of mixed-use development through acquisitions, such as Pennant Park, significantly contributed to a 56% increase in mixed-use development revenue in the third quarter of 2025 compared to the prior year period.
Capital Expenditures
- Approximately $15 million was allocated for capital improvements at Truist Park during Q4 2023 and early 2024.
- Capital expenditures, along with debt service, were the primary uses of cash for the nine months ended September 30, 2023, and 2024, funded mainly by cash from operations and new construction loan borrowings.
- Development of The Battery Atlanta has continued, including a 0.25 million square-foot office building whose construction commenced in the second half of 2022.
Latest Trefis Analyses
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| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 47.63 |
| Mkt Cap | 7.0 |
| Rev LTM | 1,071 |
| Op Inc LTM | 365 |
| FCF LTM | 416 |
| FCF 3Y Avg | 418 |
| CFO LTM | 416 |
| CFO 3Y Avg | 418 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.2% |
| Rev Chg 3Y Avg | 6.8% |
| Rev Chg Q | 4.4% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Mgn LTM | 23.4% |
| Op Mgn 3Y Avg | 23.6% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 26.4% |
| CFO/Rev 3Y Avg | 27.6% |
| FCF/Rev LTM | 7.7% |
| FCF/Rev 3Y Avg | 8.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.0 |
| P/S | 6.6 |
| P/EBIT | 13.6 |
| P/E | 3.1 |
| P/CFO | 12.7 |
| Total Yield | 4.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 7.4% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.7% |
| 3M Rtn | 11.9% |
| 6M Rtn | 12.5% |
| 12M Rtn | 29.9% |
| 3Y Rtn | 54.2% |
| 1M Excs Rtn | 8.8% |
| 3M Excs Rtn | 12.7% |
| 6M Excs Rtn | 7.6% |
| 12M Excs Rtn | 19.1% |
| 3Y Excs Rtn | -11.0% |
Price Behavior
| Market Price | $47.65 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 04/18/2016 | |
| Distance from 52W High | -5.2% | |
| 50 Days | 200 Days | |
| DMA Price | $43.33 | $44.86 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 10.0% | 6.2% |
| 3M | 1YR | |
| Volatility | 16.9% | 18.9% |
| Downside Capture | -23.50 | 33.43 |
| Upside Capture | 42.49 | 37.80 |
| Correlation (SPY) | 7.3% | 50.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.39 | 0.19 | 0.29 | 0.33 | 0.49 | 0.51 |
| Up Beta | -0.44 | -0.67 | 0.00 | 0.43 | 0.61 | 0.46 |
| Down Beta | 1.31 | 1.00 | 0.79 | 0.54 | 0.52 | 0.52 |
| Up Capture | 22% | -2% | 18% | 7% | 23% | 24% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 22 | 33 | 61 | 116 | 306 |
| Down Capture | -66% | -30% | 9% | 35% | 46% | 76% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 18 | 26 | 61 | 127 | 323 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BATRA | |
|---|---|---|---|---|
| BATRA | 10.0% | 18.9% | 0.38 | - |
| Sector ETF (XLC) | 11.8% | 18.8% | 0.46 | 49.3% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 49.5% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 3.2% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 21.8% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 52.9% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 18.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BATRA | |
|---|---|---|---|---|
| BATRA | 1.7% | 22.5% | 0.07 | - |
| Sector ETF (XLC) | 10.9% | 20.8% | 0.44 | 37.4% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 41.8% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 9.7% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 8.8% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 38.7% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 14.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BATRA | |
|---|---|---|---|---|
| BATRA | 5.1% | 31.2% | 0.27 | - |
| Sector ETF (XLC) | 9.4% | 22.5% | 0.51 | 43.5% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 46.2% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | -1.4% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 16.9% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 43.6% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 12.6% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | -0.4% | -0.3% | -0.8% |
| 8/7/2025 | -0.0% | -0.1% | -3.7% |
| 5/12/2025 | 1.5% | 2.7% | 3.9% |
| 2/26/2025 | 0.8% | 1.6% | 3.0% |
| 11/7/2024 | -0.3% | -0.1% | -2.9% |
| 8/8/2024 | -1.2% | -0.1% | -3.2% |
| 2/29/2024 | -0.3% | -0.6% | -0.6% |
| 11/6/2023 | -2.4% | -6.1% | 1.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 3 |
| # Negative | 7 | 7 | 6 |
| Median Positive | 1.1% | 2.2% | 3.0% |
| Median Negative | -0.4% | -0.3% | -3.0% |
| Max Positive | 1.5% | 2.7% | 3.9% |
| Max Negative | -2.4% | -6.1% | -10.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Heller, Gregory John | EVP, CLO & Secretary | Direct | Sell | 12152025 | 39.71 | 7,423 | 294,767 | 903,045 | Form |
| 2 | Plant, Michael P | EVP, Development | Direct | Sell | 12152025 | 39.74 | 4,874 | 193,693 | 9,759,866 | Form |
| 3 | Robinson, Jill L | EVP, CFO & Treasurer | Direct | Sell | 12152025 | 39.70 | 3,830 | 152,051 | 3,154,562 | Form |
| 4 | Schiller, Derek Gordon | EVP, Business | Direct | Sell | 12152025 | 39.73 | 4,874 | 193,644 | 12,590,755 | Form |
| 5 | McGuirk, Terence F | Chairman, President & CEO | Direct | Sell | 12152025 | 39.72 | 6,688 | 265,647 | 9,878,165 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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