Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Purchases 15,192 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 15,192 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now directly owns 146,020 shares of the company’s stock, valued at $5,931,332.40. This trade represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Up 0.2 %

NASDAQ BATRA traded up $0.07 on Friday, reaching $41.28. The company had a trading volume of 78,147 shares, compared to its average volume of 44,033. 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 Holdings, Inc. has a 1 year low of $38.90 and a 1 year high of $46.65. The firm has a 50-day moving average of $41.02 and a 200-day moving average of $42.86. The firm has a market capitalization of $2.55 billion, a PE ratio of -56.55 and a beta of 0.78.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The firm had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $278.30 million. During the same period in the previous year, the company earned ($0.10) earnings per share. On average, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds and other institutional investors have recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of Atlanta Braves during the fourth quarter valued at approximately $96,000. SG Americas Securities LLC boosted its holdings in shares of Atlanta Braves by 25.6% during the fourth quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 959 shares during the period. JPMorgan Chase & Co. grew its position in shares of Atlanta Braves by 20.7% during the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 5,066 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Atlanta Braves in the 3rd quarter worth about $133,000. Finally, Barclays PLC lifted its position in Atlanta Braves by 376.1% in the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 12,775 shares during the last quarter. Institutional investors own 12.31% of the company’s stock.

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.