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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) 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:BATRK) 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.

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

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.