Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Get 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:BATRK – Get 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
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.
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