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 cost of $41.94 per share, with a total value of $213,642.36. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

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

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 the consensus estimate of $0.50 by ($0.34). The firm had revenue of $290.67 million for the quarter, compared to analysts’ expectations of $301.09 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harvey Partners LLC lifted its position in shares of Atlanta Braves by 14.6% in the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after buying an additional 64,500 shares in the last quarter. HBK Investments L P raised its holdings in shares of Atlanta Braves by 57.0% during the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after acquiring an additional 174,300 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Atlanta Braves by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock valued at $12,216,000 after acquiring an additional 3,874 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Atlanta Braves in the fourth quarter valued at $6,736,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Atlanta Braves by 123.0% in the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. 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.