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

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

Atlanta Braves Stock Performance

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

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly 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 net margin of 6.56% and a negative return on equity of 8.48%. The company had revenue of $290.67 million for the quarter, compared to the consensus estimate of $278.30 million. During the same period in the prior year, the firm posted ($0.10) EPS. As a group, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently bought and sold shares of BATRA. Barclays PLC increased its holdings in Atlanta Braves by 376.1% during the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after buying an additional 12,775 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Atlanta Braves during the second quarter valued at approximately $239,000. Marshall Wace LLP purchased a new position in Atlanta Braves in the second quarter worth $221,000. JPMorgan Chase & Co. grew its holdings in Atlanta Braves by 20.7% in the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 5,066 shares during the last quarter. Finally, Aurora Investment Counsel grew its holdings in Atlanta Braves by 12.1% in the second 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 during the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

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.