Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Purchases $1,849,984.40 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 44,258 shares of the firm’s stock in a transaction on Thursday, April 10th. The shares were acquired at an average price of $41.80 per share, with a total value of $1,849,984.40. Following the completion of the transaction, the insider now directly owns 330,870 shares in the company, valued at approximately $13,830,366. This trade represents a 15.44 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Down 0.1 %

Shares of NASDAQ:BATRA traded down $0.06 during midday trading on Monday, hitting $42.07. 57,987 shares of the stock were exchanged, compared to its average volume of 41,463. The company has a market capitalization of $2.60 billion, a PE ratio of -57.63 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $46.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The business’s fifty day simple moving average is $43.13 and its two-hundred day simple moving average is $42.23.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $60.00 price target on shares of Atlanta Braves in a report on Thursday, February 27th.

Institutional Trading of Atlanta Braves

Institutional investors have recently added to or reduced their stakes in the business. Cutter & CO Brokerage Inc. acquired a new stake in shares of Atlanta Braves in the 4th quarter valued at $390,000. Barclays PLC increased its position in Atlanta Braves by 376.1% during the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after buying an additional 12,775 shares during the last quarter. Raymond James Financial Inc. bought a new position in Atlanta Braves during the fourth quarter valued at about $394,000. Proficio Capital Partners LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter worth about $901,000. Finally, Geode Capital Management LLC boosted its stake in shares of Atlanta Braves by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock worth $11,817,000 after acquiring an additional 3,798 shares in the last quarter. 12.31% of the stock is currently owned by institutional investors and hedge funds.

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.