Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Buys $79,920.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRKGet Free Report) major shareholder Associated Capital Group, Inc. purchased 2,000 shares of Atlanta Braves stock in a transaction dated Monday, June 24th. The stock was acquired at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the transaction, the insider now owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

BATRK stock opened at $38.80 on Friday. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15. The company’s 50 day simple moving average is $38.89 and its 200-day simple moving average is $39.09. The firm has a market capitalization of $1.96 billion and a P/E ratio of -19.40.

Atlanta Braves (NASDAQ:BATRKGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The firm had revenue of $37.08 million for the quarter, compared to analyst estimates of $39.63 million. Sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Atlanta Braves from a “c-” rating to a “d+” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Atlanta Braves presently has a consensus rating of “Hold” and a consensus target price of $45.00.

View Our Latest Analysis on BATRK

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BATRK. Quent Capital LLC increased its stake in Atlanta Braves by 568.4% in the 1st quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $64,000 after buying an additional 1,404 shares during the period. Brown Brothers Harriman & Co. increased its stake in Atlanta Braves by 31.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after buying an additional 583 shares during the period. Mango Investments LLC acquired a new position in Atlanta Braves in the 4th quarter valued at approximately $107,000. Scarborough Advisors LLC bought a new stake in Atlanta Braves in the fourth quarter worth approximately $199,000. Finally, SageView Advisory Group LLC bought a new stake in Atlanta Braves in the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Atlanta Braves (NASDAQ:BATRK)

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