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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone purchased 44,258 shares of the business’s stock in a transaction on Thursday, April 10th. The stock was purchased at an average cost of $41.80 per share, with a total value of $1,849,984.40. Following the acquisition, the insider now owns 330,870 shares in the company, valued at approximately $13,830,366. This represents a 15.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

Atlanta Braves stock traded down $0.06 during trading hours on Monday, hitting $42.07. 57,987 shares of the stock were exchanged, compared to its average volume of 41,463. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $46.65. The business’s 50-day moving average is $43.13 and its two-hundred day moving average is $42.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $2.60 billion, a P/E ratio of -57.63 and a beta of 0.61.

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

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BATRA. Rhumbline Advisers lifted its stake in Atlanta Braves by 5.2% in the 1st quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 848 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Atlanta Braves by 5,387.2% in the first quarter. GAMMA Investing LLC now owns 52,951 shares of the financial services provider’s stock worth $23,230,000 after purchasing an additional 51,986 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in Atlanta Braves by 2.4% during the first quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider’s stock worth $746,000 after purchasing an additional 400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Atlanta Braves by 11.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,107 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 1,696 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Atlanta Braves in the fourth quarter valued at $210,000. Institutional investors own 12.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Atlanta Braves in a research note 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.