John C. Malone Acquires 44,258 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone acquired 44,258 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were purchased at an average cost of $41.80 per share, for a total transaction of $1,849,984.40. Following the completion of the transaction, the insider now directly owns 330,870 shares in the company, valued at $13,830,366. The trade was a 15.44 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRA traded up $0.60 during trading on Friday, reaching $42.56. 57,162 shares of the company traded hands, compared to its average volume of 42,097. The stock has a market capitalization of $2.63 billion, a PE 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 $42.23. Atlanta Braves Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $46.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. Equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Trading of Atlanta Braves

A number of hedge funds and other institutional investors have recently bought and sold shares of BATRA. KLP Kapitalforvaltning AS bought a new position in shares of Atlanta Braves during the fourth quarter worth $53,000. GAMMA Investing LLC increased its stake 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 acquiring an additional 242 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Atlanta Braves during the 4th quarter valued at $59,000. PNC Financial Services Group Inc. lifted its position in Atlanta Braves by 157.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after buying an additional 914 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Atlanta Braves during the fourth quarter worth $96,000. Hedge funds and other institutional investors own 12.31% of the company's stock.

Analysts Set New Price Targets

Separately, Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Atlanta Braves in a research note 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.