Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys $213,642.36 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 5,094 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of $41.94 per share, with a total value of $213,642.36. Following the transaction, the insider now directly owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Down 0.6 %

Shares of Atlanta Braves stock opened at $42.69 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $38.90 and a twelve month high of $46.65. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -58.48 and a beta of 0.78. 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 company has a fifty day moving average price of $41.00 and a 200 day moving average price of $42.81.

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

Institutional Trading of Atlanta Braves

Hedge funds have recently made changes to their positions in the company. Quent Capital LLC boosted its holdings in Atlanta Braves by 1,607.7% in the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares during the last quarter. US Bancorp DE acquired a new position in shares of Atlanta Braves in the 3rd quarter valued at approximately $28,000. SG Americas Securities LLC boosted its stake in shares of Atlanta Braves by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock valued at $192,000 after buying an additional 959 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,014 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of Atlanta Braves by 62.9% in the third quarter. Quest Partners LLC now owns 5,312 shares of the financial services provider’s stock worth $224,000 after buying an additional 2,052 shares during the last quarter. Hedge funds and other 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.