John C. Malone Purchases 2,760 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 2,760 shares of the stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $41.99 per share, with a total value of $115,892.40. Following the transaction, the insider now directly owns 214,118 shares of the company’s stock, valued at approximately $8,990,814.82. The trade was a 1.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Down 0.2 %

Shares of Atlanta Braves stock opened at $38.48 on Friday. The company has a market cap of $1.97 billion, a PE ratio of -52.71 and a beta of 0.65. The business has a 50 day moving average of $38.84 and a 200 day moving average of $39.68. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Atlanta Braves to a “sell” rating in a research report on Friday, February 28th.

Hedge Funds Weigh In On Atlanta Braves

Hedge funds and other institutional investors have recently made changes to their positions in the business. Entropy Technologies LP purchased a new stake in Atlanta Braves in the third quarter worth $300,000. Quest Partners LLC grew its stake in Atlanta Braves by 28,820.0% in the third 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 period. Commerce Bank grew its stake in Atlanta Braves by 80.3% in the third quarter. Commerce Bank now owns 15,982 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 7,118 shares during the period. Moran Wealth Management LLC grew its stake in Atlanta Braves by 44.3% in the third quarter. Moran Wealth Management LLC now owns 11,946 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 3,667 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Atlanta Braves in the third quarter worth $455,000. 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.