Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Buys 2,760 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone bought 2,760 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the transaction, the insider now directly owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

NASDAQ:BATRA opened at $42.04 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day moving average of $42.35 and a 200 day moving average of $42.40. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -57.59 and a beta of 0.73. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47. The business had revenue of $52.12 million for the quarter, compared to analysts’ expectations 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, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

A number of large investors have recently bought and sold shares of BATRA. Pacific Global Investment Management Co. increased its stake in shares of Atlanta Braves by 5.1% during the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock valued at $210,000 after buying an additional 249 shares during the period. Northern Trust Corp increased its stake in shares of Atlanta Braves by 0.5% during the fourth quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock valued at $3,902,000 after buying an additional 436 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Atlanta Braves by 1.5% during the fourth quarter. Nuveen Asset Management LLC now owns 36,354 shares of the financial services provider’s stock valued at $1,483,000 after buying an additional 540 shares during the period. US Bancorp DE purchased a new position in shares of Atlanta Braves during the third quarter valued at approximately $28,000. Finally, MRP Capital Investments LLC increased its stake in shares of Atlanta Braves by 3.4% during the fourth quarter. MRP Capital Investments LLC now owns 24,375 shares of the financial services provider’s stock valued at $994,000 after buying an additional 800 shares during the period. 12.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Company Profile

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.