Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Purchases 5,094 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 5,094 shares of the company’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $41.94 per share, with a total value of $213,642.36. Following the completion of the purchase, the insider now directly owns 169,522 shares of the company’s stock, valued at $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Stock Down 0.9 %

NASDAQ:BATRK traded down $0.33 during mid-day trading on Wednesday, hitting $37.99. 242,891 shares of the stock traded hands, compared to its average volume of 259,358. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -52.04 and a beta of 0.72. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.42. The firm’s 50 day moving average is $38.64 and its two-hundred day moving average is $40.37.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The firm had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $301.09 million. During the same quarter last year, the company posted ($0.10) earnings per share. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Trading of Atlanta Braves

Hedge funds and other institutional investors have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at approximately $41,000. Quent Capital LLC lifted its holdings in shares of Atlanta Braves by 568.4% in the 3rd quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,404 shares during the period. nVerses Capital LLC grew its position in shares of Atlanta Braves by 25.0% during the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock worth $119,000 after buying an additional 600 shares in the last quarter. Quest Partners LLC increased its stake in shares of Atlanta Braves by 28,820.0% during the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after buying an additional 4,323 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of Atlanta Braves in the third quarter valued at about $205,000. Hedge funds and other institutional investors own 64.88% 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.