Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Purchases 38,452 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 38,452 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the transaction, the insider now directly owns 254,428 shares in the company, valued at $10,248,359.84. This trade represents a 17.80 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 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 Down 0.3 %

Shares of NASDAQ:BATRA opened at $42.13 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $2.61 billion, a PE ratio of -57.71 and a beta of 0.61. The firm’s 50-day moving average is $43.13 and its two-hundred day moving average is $42.23. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share 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 firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Atlanta Braves

Hedge funds have recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlanta Braves during the fourth quarter worth approximately $53,000. BNP Paribas Financial Markets acquired a new position in Atlanta Braves during the 4th quarter worth approximately $59,000. PNC Financial Services Group Inc. grew its holdings in Atlanta Braves by 157.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 914 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $96,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Atlanta Braves in the 3rd quarter valued at $133,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

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.