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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone bought 44,258 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $13,830,366. This trade represents a 15.44 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Trading Down 0.6 %

Atlanta Braves stock opened at $37.85 on Thursday. Atlanta Braves Holdings, Inc. has a 12-month low of $35.46 and a 12-month high of $44.43. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -51.85 and a beta of 0.56. The firm has a 50 day moving average of $39.20 and a 200 day moving average of $39.27.

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

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds and other institutional investors have recently modified their holdings of BATRK. Oak Family Advisors LLC increased its holdings in Atlanta Braves by 4.2% in the 1st quarter. Oak Family Advisors LLC now owns 99,578 shares of the financial services provider’s stock valued at $3,984,000 after acquiring an additional 4,042 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Atlanta Braves in the first quarter worth about $12,077,000. Columbia Asset Management purchased a new position in Atlanta Braves during the 1st quarter valued at approximately $791,000. GAMMA Investing LLC raised its holdings in shares of Atlanta Braves by 9,017.3% during the 1st quarter. GAMMA Investing LLC now owns 9,482 shares of the financial services provider’s stock worth $3,790,000 after acquiring an additional 9,378 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Atlanta Braves by 335.7% during the 1st quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.