Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Acquires 24,646 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone bought 24,646 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the transaction, the insider now directly owns 211,358 shares of the company’s stock, valued at $8,864,354.52. This trade represents a 13.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 Trading Down 0.6 %

NASDAQ:BATRA opened at $42.69 on Friday. The stock has a fifty day simple moving average of $41.00 and a 200 day simple moving average of $42.81. 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 market capitalization of $2.64 billion, a price-to-earnings ratio of -58.48 and a beta of 0.78. 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 released its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share 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 firm had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $278.30 million. During the same period last year, the business earned ($0.10) earnings per share. Sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Trading of Atlanta Braves

A number of hedge funds have recently modified their holdings of the business. Quent Capital LLC grew its position in Atlanta Braves by 1,607.7% during the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares in the last quarter. US Bancorp DE purchased a new position in shares of Atlanta Braves during the 3rd quarter valued at $28,000. SG Americas Securities LLC increased its stake in shares of Atlanta Braves by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 959 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Quest Partners LLC boosted its position in Atlanta Braves by 62.9% during the third quarter. Quest Partners LLC now owns 5,312 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 2,052 shares during the last quarter. 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.