Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys 5,094 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction on Monday, January 27th. The shares were bought at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the acquisition, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

NASDAQ:BATRA traded down $0.15 during midday trading on Wednesday, reaching $41.90. The stock had a trading volume of 90,692 shares, compared to its average volume of 51,834. The stock has a market capitalization of $2.59 billion, a P/E ratio of -57.40 and a beta of 0.78. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The firm’s fifty day simple moving average is $40.96 and its 200-day simple moving average is $42.82.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.19). Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $290.67 million during the quarter, compared to analyst estimates of $278.30 million. During the same period in the prior year, the business posted ($0.10) earnings per share. On average, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new stake in shares of Atlanta Braves in the third quarter worth $28,000. Quent Capital LLC grew its position in Atlanta Braves by 1,607.7% in the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares during the last quarter. GAMMA Investing LLC grew its position in Atlanta Braves by 5,336.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,014 shares during the last quarter. R Squared Ltd bought a new position in shares of Atlanta Braves during the 4th quarter worth about $96,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock valued at $112,000 after buying an additional 2,180 shares during the last quarter. 12.31% 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.