Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Buys $213,642.36 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 5,094 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the purchase, the insider now directly owns 169,522 shares in the company, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK opened at $38.70 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of -53.01 and a beta of 0.72. The company’s fifty day moving average price is $38.61 and its 200 day moving average price is $40.35. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last posted 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 $0.50 by ($0.34). The firm had revenue of $290.67 million for the quarter, compared to analyst estimates of $301.09 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Trading of Atlanta Braves

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC increased its holdings in Atlanta Braves by 29.2% in the 2nd quarter. Hsbc Holdings PLC now owns 6,902 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 1,561 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Atlanta Braves during the second quarter worth about $643,000. The Manufacturers Life Insurance Company raised its position in shares of 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. Truist Financial Corp lifted its stake in Atlanta Braves by 19.5% in the 2nd quarter. Truist Financial Corp now owns 10,346 shares of the financial services provider’s stock valued at $408,000 after buying an additional 1,687 shares in the last quarter. Finally, Delphi Management Inc. MA boosted its holdings in Atlanta Braves by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock worth $1,863,000 after buying an additional 388 shares during the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

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.