John C. Malone Acquires 3,609 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 3,609 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was purchased at an average price of $41.99 per share, for a total transaction of $151,541.91. Following the completion of the acquisition, the insider now owns 336,670 shares of the company’s stock, valued at approximately $14,136,773.30. This represents a 1.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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

BATRK stock traded down $0.24 during midday trading on Wednesday, hitting $37.85. The company’s stock had a trading volume of 184,360 shares, compared to its average volume of 270,695. The company’s fifty day moving average price is $39.24 and its 200 day moving average price is $39.28. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43. The stock has a market capitalization of $1.94 billion, a P/E ratio of -51.85 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK) last released its 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 analyst estimates of $48.20 million. Equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in Atlanta Braves by 2.1% during the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 444 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Atlanta Braves in the third quarter valued at approximately $205,000. Barclays PLC boosted its stake in shares of Atlanta Braves by 160.3% in the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock valued at $3,276,000 after buying an additional 50,702 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Atlanta Braves in the 3rd quarter valued at $507,000. Finally, JPMorgan Chase & Co. raised its holdings in Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after acquiring an additional 92,248 shares in the last quarter. 64.88% of the stock is owned by institutional investors.

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.