Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Buys 2,760 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 2,760 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $41.99 per share, with a total value of $115,892.40. Following the acquisition, the insider now directly owns 214,118 shares of the company’s stock, valued at $8,990,814.82. The trade was a 1.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Down 0.1 %

Shares of NASDAQ BATRA opened at $42.04 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average is $42.35 and its 200 day moving average is $42.45. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -57.59 and a beta of 0.73. Atlanta Braves Holdings, Inc. has a 52 week low of $38.90 and a 52 week high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47. The company had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. On average, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Investors Weigh In On Atlanta Braves

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BATRA. Proficio Capital Partners LLC bought a new stake in Atlanta Braves in the fourth quarter worth $901,000. Gamco Investors INC. ET AL grew its stake in Atlanta Braves by 1.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock valued at $92,257,000 after purchasing an additional 21,955 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Atlanta Braves by 69.0% in the fourth quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider’s stock worth $2,039,000 after acquiring an additional 20,399 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Atlanta Braves by 7.7% during the fourth quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider’s stock worth $11,595,000 after purchasing an additional 20,200 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Atlanta Braves by 376.1% during the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 12,775 shares during the period. 12.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Atlanta Braves in a research report on Thursday, February 27th.

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.