John C. Malone Acquires 15,192 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 15,192 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now directly owns 146,020 shares in the company, valued at $5,931,332.40. This trade represents a 11.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

BATRK opened at $37.91 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $35.81 and a one year high of $44.42. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -51.93 and a beta of 0.72. The stock’s 50 day moving average price is $38.76 and its 200-day moving average price is $40.44.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data 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 business had revenue of $290.67 million during the quarter, compared to the consensus estimate of $301.09 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. As a group, analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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