Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Buys 25,182 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 25,182 shares of Atlanta Braves stock in a transaction dated Wednesday, April 16th. The stock was bought at an average price of $41.91 per share, with a total value of $1,055,377.62. Following the completion of the transaction, the insider now owns 363,054 shares of the company’s stock, valued at $15,215,593.14. This represents a 7.45 % increase in their position. The acquisition was disclosed in a document filed 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 Performance

NASDAQ BATRK traded up $0.84 on Friday, hitting $38.69. The stock had a trading volume of 419,810 shares, compared to its average volume of 272,598. The firm has a 50-day moving average of $39.18 and a 200-day moving average of $39.26. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -53.00 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $44.43.

Atlanta Braves (NASDAQ:BATRK) 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 ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. As a group, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its stake in shares of Atlanta Braves by 3.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider’s stock valued at $301,000 after buying an additional 266 shares during the last quarter. Stifel Financial Corp boosted its holdings in Atlanta Braves by 4.9% during the 4th quarter. Stifel Financial Corp now owns 6,007 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 280 shares during the period. LPL Financial LLC grew its position in Atlanta Braves by 4.1% during the 4th quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 302 shares during the last quarter. US Bancorp DE increased its stake 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 worth $110,000 after purchasing an additional 430 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

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

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.