John C. Malone Buys 25,182 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone bought 25,182 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average cost of $41.91 per share, with a total value of $1,055,377.62. Following the acquisition, the insider now owns 363,054 shares of the company’s stock, valued at $15,215,593.14. The trade was a 7.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Trading Up 1.4 %

Atlanta Braves stock traded up $0.60 during midday trading on Friday, hitting $42.56. 57,162 shares of the stock were exchanged, compared to its average volume of 42,037. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -58.30 and a beta of 0.61. The stock’s 50-day simple moving average is $43.00 and its 200 day simple moving average is $42.23. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. On average, equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Institutional Trading of Atlanta Braves

Several institutional investors and hedge funds have recently bought and sold shares of BATRA. GAMMA Investing LLC increased its stake in Atlanta Braves by 25.1% during the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock worth $53,000 after buying an additional 242 shares during the period. Rhumbline Advisers raised its stake in shares of Atlanta Braves by 5.2% in the first 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. Central Pacific Bank Trust Division raised its stake in shares of Atlanta Braves by 2.4% in the first quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider’s stock valued at $746,000 after acquiring an additional 400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 during the period. Finally, Squarepoint Ops LLC acquired a new position in Atlanta Braves during the 4th quarter worth $210,000. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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