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

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

Atlanta Braves Price Performance

NASDAQ:BATRA traded up $0.44 during midday trading on Tuesday, hitting $42.85. The company had a trading volume of 27,248 shares, compared to its average volume of 36,457. Atlanta Braves Holdings, Inc. has a 52-week low of $38.90 and a 52-week high of $46.65. The stock's fifty day moving average price is $42.40 and its 200-day moving average price is $42.38. The company has a market capitalization of $2.65 billion, a PE ratio of -58.70 and a beta of 0.73. 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 posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. As a group, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

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

Institutional Trading of Atlanta Braves

Several institutional investors have recently added to or reduced their stakes in BATRA. US Bancorp DE purchased a new stake in Atlanta Braves during the third quarter valued at about $28,000. Quest Partners LLC raised its stake in shares of Atlanta Braves by 62.9% during the third quarter. Quest Partners LLC now owns 5,312 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 2,052 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 2,180 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Atlanta Braves by 24.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider's stock valued at $650,000 after acquiring an additional 3,074 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Atlanta Braves by 1.3% during the third quarter. State Street Corp now owns 266,968 shares of the financial services provider's stock valued at $11,253,000 after acquiring an additional 3,432 shares during the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

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.