Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Acquires $115,892.40 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRKGet Free Report) major shareholder John C. Malone purchased 2,760 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the purchase, the insider now 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

NASDAQ:BATRK opened at $38.48 on Monday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -52.71 and a beta of 0.65. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.42. The business has a 50 day simple moving average of $38.84 and a 200-day simple moving average of $39.65.

Atlanta Braves (NASDAQ:BATRKGet Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Atlanta Braves to a “sell” rating in a research note on Friday, February 28th.

View Our Latest Stock Report on BATRK

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently modified their holdings of the business. Aristeia Capital L.L.C. lifted its stake in shares of Atlanta Braves by 34.5% during the 4th quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider’s stock worth $92,373,000 after acquiring an additional 618,887 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Atlanta Braves by 256.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider’s stock worth $64,694,000 after acquiring an additional 1,215,948 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Atlanta Braves by 1.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,457,676 shares of the financial services provider’s stock worth $55,771,000 after acquiring an additional 21,659 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Atlanta Braves by 0.5% during the 4th quarter. Gabelli Funds LLC now owns 1,420,494 shares of the financial services provider’s stock worth $54,348,000 after acquiring an additional 6,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Atlanta Braves by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 817,798 shares of the financial services provider’s stock worth $31,288,000 after acquiring an additional 40,827 shares during the last quarter. 64.88% of the stock is owned by institutional investors.

About Atlanta Braves

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Atlanta Braves (NASDAQ:BATRK)

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