Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Purchases 15,192 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 15,192 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average cost of $40.62 per share, with a total value of $617,099.04. Following the purchase, the insider now owns 146,020 shares of the company’s stock, valued at $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

NASDAQ BATRK traded down $0.21 during trading hours on Friday, reaching $37.91. The company’s stock had a trading volume of 193,402 shares, compared to its average volume of 243,696. The stock has a market cap of $1.93 billion, a P/E ratio of -51.93 and a beta of 0.72. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.42. The firm has a fifty day simple moving average of $38.82 and a 200-day simple moving average of $40.46.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.34). The company had revenue of $290.67 million for the quarter, compared to analyst estimates of $301.09 million. During the same quarter last year, the firm posted ($0.10) EPS. On average, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Institutional Trading of Atlanta Braves

Institutional investors and hedge funds have recently modified their holdings of the stock. Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves during the 4th quarter worth $6,736,000. HBK Investments L P increased its holdings in Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after buying an additional 174,300 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Atlanta Braves by 76.9% in the third quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock worth $12,554,000 after acquiring an additional 137,124 shares during the period. JPMorgan Chase & Co. boosted its stake in Atlanta Braves by 123.0% in the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after acquiring an additional 92,248 shares during the last quarter. Finally, Harvey Partners LLC boosted its stake in Atlanta Braves by 14.6% in the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock valued at $20,179,000 after acquiring an additional 64,500 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

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.