John C. Malone Buys 8,371 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone purchased 8,371 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $41.94 per share, for a total transaction of $351,079.74. Following the completion of the transaction, the insider now owns 371,707 shares in the company, valued at $15,589,391.58. The trade was a 2.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Up 1.0 %

Shares of NASDAQ:BATRA opened at $43.30 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $46.65. The firm has a market cap of $2.68 billion, a P/E ratio of -59.32 and a beta of 0.61. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $42.91 and its two-hundred day moving average price is $42.26.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. As a group, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL lifted its holdings in Atlanta Braves by 1.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock valued at $92,257,000 after buying an additional 21,955 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Atlanta Braves by 7.7% in the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider’s stock valued at $11,595,000 after purchasing an additional 20,200 shares during the period. Geode Capital Management LLC boosted its position in shares of Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock worth $11,817,000 after purchasing an additional 3,798 shares during the last quarter. State Street Corp grew its stake in shares of Atlanta Braves by 1.3% during the third quarter. State Street Corp now owns 266,968 shares of the financial services provider’s stock worth $11,253,000 after purchasing an additional 3,432 shares during the period. Finally, Northern Trust Corp increased its holdings in Atlanta Braves by 0.5% in the fourth quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock valued at $3,902,000 after purchasing an additional 436 shares during the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and set a $60.00 target price on shares of Atlanta Braves in a report on Thursday, February 27th.

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.