Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Acquires 3,609 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 3,609 shares of Atlanta Braves stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of $41.99 per share, for a total transaction of $151,541.91. Following the transaction, the insider now owns 336,670 shares of the company’s stock, valued at $14,136,773.30. This represents a 1.08 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.3 %

Shares of NASDAQ BATRA traded down $0.14 during midday trading on Wednesday, reaching $41.96. 84,700 shares of the stock were exchanged, compared to its average volume of 41,768. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $46.65. The stock has a market capitalization of $2.60 billion, a P/E ratio of -57.48 and a beta of 0.61. The company has a 50 day simple moving average of $43.05 and a 200 day simple moving average of $42.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.47. The business had revenue of $52.12 million for the quarter, compared to analyst estimates 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, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently made changes to their positions in BATRA. GAMMA Investing LLC raised its position in Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 242 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Atlanta Braves during the fourth quarter worth about $53,000. BNP Paribas Financial Markets acquired a new stake in shares of Atlanta Braves during the fourth quarter worth about $59,000. PNC Financial Services Group Inc. boosted its stake in shares of Atlanta Braves by 157.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 914 shares during the period. Finally, R Squared Ltd purchased a new stake in Atlanta Braves during the 4th quarter worth approximately $96,000. 12.31% of the stock is owned by hedge funds and other institutional investors.

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.