Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Purchases 5,094 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $41.94 per share, with a total value of $213,642.36. Following the completion of the acquisition, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Down 0.8 %

Shares of BATRK stock opened at $38.00 on Thursday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The stock’s fifty day simple moving average is $38.64 and its 200 day simple moving average is $40.37. The firm has a market capitalization of $1.93 billion, a P/E ratio of -52.05 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.34). The firm had revenue of $290.67 million during the quarter, compared to the consensus estimate of $301.09 million. During the same period in the prior year, the company earned ($0.10) earnings per share. As a group, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several large investors have recently modified their holdings of the business. Barclays PLC raised its position in shares of Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after acquiring an additional 50,702 shares during the last quarter. Harvey Partners LLC grew its holdings in 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 purchasing an additional 64,500 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after buying an additional 92,248 shares during the period. HBK Investments L P increased its holdings in shares of Atlanta Braves by 57.0% during 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 acquiring an additional 174,300 shares in the last quarter. Finally, FMR LLC increased its stake in Atlanta Braves by 2.1% during the 3rd quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 444 shares in the last quarter. 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.