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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 44,258 shares of the firm’s stock in a transaction on Thursday, April 10th. The shares were bought at an average price of $41.80 per share, for a total transaction of $1,849,984.40. Following the completion of the transaction, the insider now owns 330,870 shares of the company’s stock, valued at approximately $13,830,366. This trade represents a 15.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.6 %

Shares of NASDAQ:BATRK opened at $37.85 on Thursday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -51.85 and a beta of 0.56. The firm’s 50-day moving average is $39.20 and its 200 day moving average is $39.27.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. As a group, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

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

A number of hedge funds have recently added to or reduced their stakes in BATRK. T. Rowe Price Investment Management Inc. raised its stake in shares of Atlanta Braves by 256.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider’s stock valued at $64,694,000 after acquiring an additional 1,215,948 shares in the last quarter. Aristeia Capital L.L.C. increased its holdings in Atlanta Braves by 34.5% during the 4th quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider’s stock worth $92,373,000 after purchasing an additional 618,887 shares during the period. SG Americas Securities LLC bought a new stake in Atlanta Braves during the 1st quarter valued at $12,077,000. Troluce Capital Advisors LLC purchased a new stake in shares of Atlanta Braves in the 4th quarter worth $10,751,000. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Atlanta Braves during the fourth quarter valued at $6,736,000. 64.88% of the stock is currently 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.