John C. Malone Purchases 15,192 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 15,192 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average cost of $40.62 per share, with a total value of $617,099.04. Following the transaction, the insider now directly owns 146,020 shares in the company, valued at $5,931,332.40. This trade represents a 11.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

NASDAQ:BATRK opened at $37.91 on Friday. The stock has a market capitalization of $1.93 billion, a P/E ratio of -51.93 and a beta of 0.72. The company has a 50 day moving average price of $38.72 and a 200 day moving average price of $40.42. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The company had revenue of $290.67 million for the quarter, compared to analysts’ expectations of $301.09 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. Research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently made changes to their positions in the stock. Delphi Management Inc. MA lifted its holdings in Atlanta Braves by 0.8% during the 2nd quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock worth $1,863,000 after buying an additional 388 shares in the last quarter. FMR LLC lifted its holdings in Atlanta Braves by 2.1% during the 3rd quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock worth $849,000 after buying an additional 444 shares in the last quarter. Quarry LP lifted its holdings in Atlanta Braves by 0.9% during the 3rd quarter. Quarry LP now owns 51,562 shares of the financial services provider’s stock worth $2,052,000 after buying an additional 456 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Atlanta Braves by 3.1% during the 4th quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider’s stock worth $560,000 after buying an additional 474 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of Atlanta Braves by 25.0% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

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.