Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Purchases $617,099.04 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone purchased 15,192 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the acquisition, the insider now directly owns 146,020 shares in the company, valued at approximately $5,931,332.40. This represents a 11.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Trading Down 0.1 %

NASDAQ:BATRA opened at $41.16 on Monday. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -56.38 and a beta of 0.78. Atlanta Braves Holdings, Inc. has a 52 week low of $38.90 and a 52 week high of $46.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average of $40.97 and a 200 day moving average of $42.84.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $290.67 million during the quarter, compared to analyst estimates of $278.30 million. During the same period in the previous year, the business earned ($0.10) EPS. As a group, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

A number of large investors have recently modified their holdings of BATRA. Barclays PLC boosted its stake in Atlanta Braves by 376.1% in the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 12,775 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Atlanta Braves by 1.4% during the third quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock valued at $11,817,000 after buying an additional 3,798 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Atlanta Braves by 24.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider’s stock valued at $650,000 after acquiring an additional 3,074 shares during the period. Aurora Investment Counsel increased its position in shares of Atlanta Braves by 12.1% in the 2nd quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 4,945 shares during the period. Finally, State Street Corp lifted its position in Atlanta Braves by 1.3% during the 3rd quarter. State Street Corp now owns 266,968 shares of the financial services provider’s stock worth $11,253,000 after acquiring an additional 3,432 shares during the period. Hedge funds and other institutional investors own 12.31% of the company’s stock.

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.