Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Buys 2,760 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John C. Malone purchased 2,760 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the purchase, the insider now owns 214,118 shares of the company's stock, valued at $8,990,814.82. This represents a 1.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Up 0.7 %

Shares of NASDAQ BATRK traded up $0.29 on Tuesday, reaching $39.27. 176,734 shares of the company's stock traded hands, compared to its average volume of 253,067. The business's 50 day simple moving average is $38.87 and its two-hundred day simple moving average is $39.62. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.43. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -53.79 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. Analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors have recently made changes to their positions in BATRK. Entropy Technologies LP purchased a new stake in shares of Atlanta Braves during the third quarter valued at approximately $300,000. Quest Partners LLC grew its holdings in shares of Atlanta Braves by 28,820.0% during the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider's stock valued at $173,000 after buying an additional 4,323 shares during the last quarter. Commerce Bank boosted its holdings in Atlanta Braves by 80.3% in the third quarter. Commerce Bank now owns 15,982 shares of the financial services provider's stock worth $636,000 after purchasing an additional 7,118 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in Atlanta Braves by 44.3% in the third quarter. Moran Wealth Management LLC now owns 11,946 shares of the financial services provider's stock worth $475,000 after purchasing an additional 3,667 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Atlanta Braves in the third quarter worth approximately $455,000. Hedge funds and other institutional investors own 64.88% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a research note on Friday, February 28th.

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.