Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Buys 5,094 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 5,094 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $41.94 per share, with a total value of $213,642.36. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Down 0.6 %

NASDAQ BATRA opened at $41.79 on Thursday. The stock’s 50 day simple moving average is $40.96 and its 200 day simple moving average is $42.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. Atlanta Braves Holdings, Inc. has a one year low of $38.90 and a one year high of $46.65. The firm has a market cap of $2.59 billion, a PE ratio of -57.25 and a beta of 0.78.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). The business had revenue of $290.67 million during the quarter, compared to analyst estimates of $278.30 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. During the same quarter last year, the business posted ($0.10) earnings per share. As a group, sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Trading of Atlanta Braves

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in Atlanta Braves by 376.1% in the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 12,775 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Atlanta Braves in the 2nd quarter valued at $239,000. Marshall Wace LLP bought a new position in shares of Atlanta Braves in the 2nd quarter worth $221,000. JPMorgan Chase & Co. grew its stake in shares of Atlanta Braves by 20.7% during 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 period. Finally, Aurora Investment Counsel increased 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 valued at $1,890,000 after purchasing an additional 4,945 shares during the last quarter. Institutional investors and hedge funds own 12.31% 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.