Atlanta Braves (NASDAQ:BATRK) Announces Earnings Results, Beats Estimates By $0.38 EPS

Atlanta Braves (NASDAQ:BATRK) issued its quarterly earnings results on Wednesday. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38, Zacks reports.

Atlanta Braves Stock Up 2.0 %

NASDAQ:BATRK traded up $0.78 on Wednesday, reaching $39.80. The company’s stock had a trading volume of 136,108 shares, compared to its average volume of 288,956. Atlanta Braves has a 12-month low of $35.81 and a 12-month high of $44.42. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -54.51 and a beta of 0.73. The stock has a 50 day moving average price of $38.47 and a 200 day moving average price of $39.95.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone acquired 5,094 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the acquisition, the insider now owns 169,522 shares in the company, valued at $7,109,752.68. The trade was a 3.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have acquired 44,932 shares of company stock valued at $1,864,395.

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.