Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Buys $1,033,653.24 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 24,646 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $41.94 per share, with a total value of $1,033,653.24. Following the completion of the transaction, the insider now directly owns 211,358 shares of the company’s stock, valued at $8,864,354.52. This trade represents a 13.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Up 0.1 %

Shares of Atlanta Braves stock opened at $38.75 on Monday. The business’s fifty day simple moving average is $38.56 and its 200-day simple moving average is $40.29. The firm has a market cap of $1.97 billion, a PE ratio of -53.08 and a beta of 0.72. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 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. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 444 shares in the last quarter. Quarry LP grew 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 acquiring an additional 456 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of Atlanta Braves by 3.1% in the 4th quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 474 shares during the last quarter. Truist Financial Corp lifted its position in shares of Atlanta Braves by 5.2% during the 4th quarter. Truist Financial Corp now owns 10,892 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 535 shares during the last quarter. Finally, nVerses Capital LLC grew its stake in shares of Atlanta Braves by 25.0% during the third quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock worth $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.