Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Acquires $151,541.91 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 3,609 shares of the business’s stock in a transaction on Monday, April 14th. The stock was acquired at an average cost of $41.99 per share, for a total transaction of $151,541.91. Following the transaction, the insider now directly owns 336,670 shares in the company, valued at $14,136,773.30. The trade was a 1.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Trading Up 1.4 %

Shares of NASDAQ BATRA opened at $42.56 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $46.65. The firm has a market cap of $2.63 billion, a PE ratio of -58.30 and a beta of 0.61. The business has a fifty day simple moving average of $43.00 and a two-hundred day simple moving average of $42.23. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The company had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. Analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BATRA. GAMMA Investing LLC raised its stake in shares of Atlanta Braves by 25.1% during the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 242 shares in the last quarter. Pacific Global Investment Management Co. grew its holdings in Atlanta Braves by 5.1% in the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 249 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of Atlanta Braves by 2.4% during the first quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider’s stock worth $746,000 after purchasing an additional 400 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Atlanta Braves by 0.5% during the 4th quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock valued at $3,902,000 after purchasing an additional 436 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Atlanta Braves by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 36,354 shares of the financial services provider’s stock worth $1,483,000 after purchasing an additional 540 shares in the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Atlanta Braves in a report on Thursday, February 27th.

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.