Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Buys 15,192 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone purchased 15,192 shares of the stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the acquisition, the insider now directly owns 146,020 shares of the company’s stock, valued at approximately $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

Shares of BATRA opened at $41.16 on Friday. The stock has a 50 day simple moving average of $40.99 and a 200 day simple moving average of $42.85. Atlanta Braves Holdings, Inc. has a 52-week low of $38.90 and a 52-week high of $46.65. 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 firm has a market capitalization of $2.55 billion, a PE ratio of -56.38 and a beta of 0.78.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share 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 company had revenue of $290.67 million during the quarter, compared to analyst estimates of $278.30 million. During the same quarter last year, the company earned ($0.10) EPS. Sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

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

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.