Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Purchases 24,646 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone bought 24,646 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the acquisition, the insider now directly owns 211,358 shares in the company, valued at approximately $8,864,354.52. This trade represents a 13.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Down 0.6 %

BATRA traded down $0.24 during trading hours on Friday, hitting $42.69. 85,144 shares of the company’s stock were exchanged, compared to its average volume of 60,722. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65. The stock’s 50-day moving average is $41.00 and its two-hundred day moving average is $42.81. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -58.48 and a beta of 0.78. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.19). Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $290.67 million for the quarter, compared to analyst estimates of $278.30 million. During the same quarter in the previous year, the company posted ($0.10) EPS. Sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Quent Capital LLC raised its position in Atlanta Braves by 1,607.7% during the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 627 shares in the last quarter. US Bancorp DE bought a new stake in Atlanta Braves during the third quarter worth $28,000. GAMMA Investing LLC raised its position in Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,014 shares in the last quarter. R Squared Ltd bought a new stake in Atlanta Braves during the fourth quarter worth $96,000. Finally, Brown Brothers Harriman & Co. raised its position in Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,180 shares in the last quarter. Institutional investors and hedge funds own 12.31% 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.