John C. Malone Purchases 24,646 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRKGet Free Report) major shareholder John C. Malone purchased 24,646 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $41.94 per share, for a total transaction of $1,033,653.24. Following the transaction, the insider now directly owns 211,358 shares of the company’s stock, valued at $8,864,354.52. This trade represents a 13.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK traded up $0.05 during mid-day trading on Friday, reaching $38.75. The company had a trading volume of 430,949 shares, compared to its average volume of 284,082. Atlanta Braves Holdings, Inc. has a one year low of $35.81 and a one year high of $44.42. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -53.08 and a beta of 0.72. The business’s 50-day simple moving average is $38.59 and its 200 day simple moving average is $40.34.

Atlanta Braves (NASDAQ:BATRKGet Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The business had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $301.09 million. During the same quarter in the previous year, the company posted ($0.10) EPS. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BATRK. Hsbc Holdings PLC boosted its stake in shares of Atlanta Braves by 29.2% during the second quarter. Hsbc Holdings PLC now owns 6,902 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 1,561 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Atlanta Braves during the second quarter valued at about $643,000. The Manufacturers Life Insurance Company boosted its stake in shares of Atlanta Braves by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 25,989 shares of the financial services provider’s stock valued at $1,025,000 after purchasing an additional 2,366 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Atlanta Braves by 19.5% during the second quarter. Truist Financial Corp now owns 10,346 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 1,687 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of Atlanta Braves by 568.4% during the third quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,404 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

About Atlanta Braves

(Get Free Report)

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.

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