Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Acquires 3,609 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone purchased 3,609 shares of the business's stock in a transaction dated Monday, April 14th. The shares were purchased at an average cost of $41.99 per share, with a total value of $151,541.91. Following the acquisition, the insider now owns 336,670 shares in the company, valued at $14,136,773.30. This trade represents a 1.08 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

Shares of BATRA stock remained flat at $42.56 on Monday. 60,583 shares of the stock were exchanged, compared to its average volume of 42,148. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $46.65. The stock has a market capitalization of $2.63 billion, a P/E ratio of -58.30 and a beta of 0.61. The firm has a 50 day simple moving average of $42.98 and a 200-day simple moving average of $42.24. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.78) by $0.47. The firm had revenue of $52.12 million during the quarter, compared to analysts' expectations of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently bought and sold shares of BATRA. GAMMA Investing LLC grew its position in Atlanta Braves by 25.1% during the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock worth $53,000 after buying an additional 242 shares in the last quarter. Pacific Global Investment Management Co. raised its stake in Atlanta Braves by 5.1% in the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock valued at $210,000 after purchasing an additional 249 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Atlanta Braves by 2.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider's stock worth $746,000 after buying an additional 400 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Atlanta Braves by 0.5% in the 4th quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider's stock worth $3,902,000 after buying an additional 436 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Atlanta Braves by 1.5% during the 4th quarter. Nuveen Asset Management LLC now owns 36,354 shares of the financial services provider's stock valued at $1,483,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 12.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Atlanta Braves in a report on Thursday, February 27th.

Atlanta Braves Company Profile

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.