Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Acquires $617,099.04 in Stock

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

Atlanta Braves Stock Performance

Shares of BATRA stock opened at $41.16 on Friday. The company has a fifty day moving average price of $40.99 and a two-hundred day moving average price of $42.85. Atlanta Braves Holdings, Inc. has a one year low of $38.90 and a one year high of $46.65. The stock has a market cap of $2.55 billion, a P/E ratio of -56.38 and a beta of 0.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.19). The firm 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) earnings per share. As a group, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE acquired a new position in Atlanta Braves in the 3rd quarter valued at about $28,000. Quent Capital LLC lifted its position in Atlanta Braves by 1,607.7% during the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 627 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 1,014 shares during the period. R Squared Ltd acquired a new position in shares of Atlanta Braves in the fourth quarter valued at approximately $96,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 2,180 shares during the period. 12.31% of the stock is currently owned by institutional investors.

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.