John C. Malone Acquires 2,760 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 2,760 shares of Atlanta Braves stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the acquisition, the insider now directly owns 214,118 shares in the company, valued at $8,990,814.82. This trade represents a 1.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Trading Down 0.2 %

Shares of NASDAQ:BATRK opened at $38.48 on Monday. Atlanta Braves Holdings, Inc. has a 12-month low of $35.81 and a 12-month high of $44.42. The business’s fifty day simple moving average is $38.84 and its 200-day simple moving average is $39.65. The company has a market capitalization of $1.97 billion, a PE ratio of -52.71 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently made changes to their positions in BATRK. Entropy Technologies LP acquired a new stake in shares of Atlanta Braves in the 3rd quarter worth $300,000. Quest Partners LLC boosted its position in shares of Atlanta Braves by 28,820.0% in the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 4,323 shares in the last quarter. Commerce Bank lifted its position in Atlanta Braves by 80.3% during the 3rd quarter. Commerce Bank now owns 15,982 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 7,118 shares during the period. Moran Wealth Management LLC lifted its position in Atlanta Braves by 44.3% during the 3rd quarter. Moran Wealth Management LLC now owns 11,946 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 3,667 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Atlanta Braves during the 3rd quarter worth about $455,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Atlanta Braves to a “sell” rating in a report 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.