John C. Malone Purchases 38,452 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone bought 38,452 shares of Atlanta Braves stock in a transaction on Tuesday, April 8th. The shares were purchased at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the completion of the purchase, the insider now directly owns 254,428 shares of the company’s stock, valued at $10,248,359.84. This trade represents a 17.80 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.8 %

NASDAQ BATRK traded down $0.30 during trading hours on Thursday, reaching $37.78. The company had a trading volume of 408,989 shares, compared to its average volume of 268,876. The stock has a market capitalization of $1.94 billion, a P/E ratio of -51.75 and a beta of 0.56. The stock has a 50-day moving average of $39.42 and a 200 day moving average of $39.34. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share 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 analyst estimates of $48.20 million. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Investors Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. purchased a new stake in shares of Atlanta Braves during the 4th quarter worth $40,000. R Squared Ltd purchased a new stake in Atlanta Braves during the 4th quarter worth about $41,000. Versant Capital Management Inc boosted its position in shares of Atlanta Braves by 335.7% during the 1st quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,400 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Atlanta Braves by 25.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 463 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

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

Atlanta Braves Company Profile

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.