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

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

Atlanta Braves Trading Up 0.1 %

Shares of BATRK stock opened at $38.75 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.42. The company has a market cap of $1.97 billion, a P/E ratio of -53.08 and a beta of 0.72. The firm has a fifty day moving average price of $38.59 and a 200 day moving average price of $40.34.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data 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 analyst estimates of $301.09 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. On average, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Trading of Atlanta Braves

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BATRK. R Squared Ltd purchased a new stake in Atlanta Braves in the fourth quarter valued at approximately $41,000. Quent Capital LLC raised its position in Atlanta Braves by 568.4% in the 3rd quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,404 shares during the last quarter. nVerses Capital LLC boosted its stake in 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 purchasing an additional 600 shares during the period. Quest Partners LLC grew its position in Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 4,323 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in Atlanta Braves in the fourth quarter valued at $204,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

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.