John C. Malone Acquires 44,258 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 44,258 shares of Atlanta Braves stock in a transaction on Thursday, April 10th. The shares were bought at an average price of $41.80 per share, for a total transaction of $1,849,984.40. Following the completion of the purchase, the insider now directly owns 330,870 shares in the company, valued at $13,830,366. The trade was a 15.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Trading Up 0.7 %

Shares of BATRK opened at $38.09 on Wednesday. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $44.43. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -52.18 and a beta of 0.56. The stock has a 50 day moving average of $39.24 and a 200-day moving average of $39.28.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new position in Atlanta Braves during the 4th quarter valued at approximately $40,000. R Squared Ltd acquired a new position in shares of Atlanta Braves during the fourth quarter valued at $41,000. Versant Capital Management Inc grew its position in shares of Atlanta Braves by 335.7% during the first 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 during 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 worth $87,000 after acquiring an additional 463 shares during the period. Finally, US Bancorp DE lifted its position in 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 purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

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.