Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys $213,642.36 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone purchased 5,094 shares of Atlanta Braves stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock opened at $41.79 on Thursday. The stock’s fifty day simple moving average is $40.96 and its 200 day simple moving average is $42.82. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.59 billion, a PE ratio of -57.25 and a beta of 0.78. Atlanta Braves Holdings, Inc. has a 12 month low of $38.90 and a 12 month high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $278.30 million. During the same quarter last year, the company earned ($0.10) earnings per share. On average, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Institutional Trading of Atlanta Braves

Several hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new position in shares of Atlanta Braves in the second quarter valued at approximately $221,000. The Manufacturers Life Insurance Company acquired a new position in Atlanta Braves in the 2nd quarter worth $239,000. Aurora Investment Counsel increased its holdings in Atlanta Braves by 12.1% during the 2nd quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 4,945 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Atlanta Braves in the 3rd quarter valued at approximately $158,000. Finally, Quent Capital LLC lifted its stake in Atlanta Braves by 1,607.7% in the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares in the last quarter. 12.31% of the stock is currently owned by institutional investors and hedge funds.

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.