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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 3,609 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average cost of $41.99 per share, for a total transaction of $151,541.91. Following the completion of the transaction, the insider now directly owns 336,670 shares of the company’s stock, valued at $14,136,773.30. This represents a 1.08 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of BATRK opened at $38.69 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of -53.00 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43. The firm’s 50 day moving average price is $39.16 and its 200 day moving average price is $39.25.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (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 the consensus estimate of $48.20 million. On average, sell-side analysts anticipate 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 note on Friday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new position in Atlanta Braves during the fourth quarter valued at approximately $40,000. R Squared Ltd acquired a new position in Atlanta Braves in the 4th quarter valued at $41,000. Versant Capital Management Inc raised its holdings in Atlanta Braves by 335.7% in 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 during the period. PNC Financial Services Group Inc. lifted its position in Atlanta Braves by 25.7% during 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 last quarter. Finally, US Bancorp DE boosted its holdings in Atlanta Braves by 17.7% during the fourth 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 period. 64.88% of the stock is owned by institutional investors.

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.