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 Atlanta Braves stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the acquisition, the insider now directly owns 146,020 shares in the company, valued at approximately $5,931,332.40. This represents a 11.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.6 %

Shares of BATRK opened at $37.91 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The firm’s fifty day simple moving average is $38.72 and its 200-day simple moving average is $40.42. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -51.93 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 EPS 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 quarter last year, the business earned ($0.10) earnings per share. On average, analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BATRK. Hsbc Holdings PLC grew its position in shares of Atlanta Braves by 29.2% in the 2nd quarter. Hsbc Holdings PLC now owns 6,902 shares of the financial services provider’s stock valued at $269,000 after buying an additional 1,561 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Atlanta Braves in the 2nd quarter valued at $643,000. Elgethun Capital Management grew its position in shares of Atlanta Braves by 2.9% in the 2nd quarter. Elgethun Capital Management now owns 120,739 shares of the financial services provider’s stock valued at $4,762,000 after buying an additional 3,392 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Atlanta Braves by 10.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,989 shares of the financial services provider’s stock worth $1,025,000 after purchasing an additional 2,366 shares during the last quarter. Finally, Quarry LP grew its position in Atlanta Braves by 30,140.2% during the 2nd quarter. Quarry LP now owns 51,106 shares of the financial services provider’s stock worth $2,016,000 after purchasing an additional 50,937 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

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.