Atlanta Braves (NASDAQ:BATRA) Sees Large Volume Increase Following Insider Buying Activity

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) saw unusually-strong trading volume on Thursday after an insider bought additional shares in the company. Approximately 121,947 shares changed hands during mid-day trading, an increase of 118% from the previous session's volume of 56,016 shares.The stock last traded at $43.22 and had previously closed at $41.79.

Specifically, major shareholder John C. Malone bought 5,094 shares of the company's stock in a transaction on Monday, January 27th. The shares were acquired at an average cost of $41.94 per share, with a total value of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares of the company's stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder John C. Malone purchased 15,192 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now directly owns 146,020 shares of the company's stock, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their position. The disclosure for this purchase can be found here.

Atlanta Braves Stock Up 2.9 %

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50-day moving average price of $41.02 and a 200 day moving average price of $42.75. The firm has a market capitalization of $2.72 billion, a PE ratio of -60.15 and a beta of 0.80.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.19). Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The firm had revenue of $290.67 million for the quarter, compared to analysts' expectations of $278.30 million. During the same quarter in the previous year, the business earned ($0.10) EPS. Analysts forecast 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. Quent Capital LLC raised its position in shares of Atlanta Braves by 1,607.7% in the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 627 shares during the last quarter. US Bancorp DE purchased a new position in Atlanta Braves in the 3rd quarter worth $28,000. GAMMA Investing LLC lifted its position in Atlanta Braves by 5,336.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider's stock worth $44,000 after acquiring an additional 1,014 shares during the period. R Squared Ltd purchased a new stake in Atlanta Braves during the 4th quarter valued at about $96,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Atlanta Braves by 460.9% in the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider's stock valued at $112,000 after purchasing an additional 2,180 shares during the period. Hedge funds and other institutional investors own 12.31% of the company's stock.

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.