Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Purchases 44,258 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 44,258 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was acquired at an average cost of $41.80 per share, with a total value of $1,849,984.40. Following the purchase, the insider now owns 330,870 shares of the company’s stock, valued at approximately $13,830,366. This represents a 15.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK opened at $38.09 on Wednesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -52.18 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The stock’s 50 day moving average price is $39.24 and its 200 day moving average price is $39.28.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Atlanta Braves to a “sell” rating in a report on Friday, February 28th.

Hedge Funds Weigh In On Atlanta Braves

Large investors have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new stake in Atlanta Braves during the fourth quarter valued at approximately $40,000. R Squared Ltd bought a new position in shares of Atlanta Braves in the fourth quarter valued at $41,000. Versant Capital Management Inc lifted 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. PNC Financial Services Group Inc. boosted its stake in shares of Atlanta Braves by 25.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 463 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Company Profile

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.