Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Buys 25,182 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John C. Malone acquired 25,182 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was acquired at an average price of $41.91 per share, for a total transaction of $1,055,377.62. Following the purchase, the insider now directly owns 363,054 shares of the company's stock, valued at approximately $15,215,593.14. This trade represents a 7.45 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

BATRK traded up $0.22 on Wednesday, reaching $38.91. The company had a trading volume of 236,407 shares, compared to its average volume of 274,167. The stock has a market cap of $1.99 billion, a P/E ratio of -53.30 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.43. The company's fifty day moving average is $39.08 and its 200 day moving average is $39.24.

Atlanta Braves (NASDAQ:BATRK - 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, topping analysts' consensus estimates of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Atlanta Braves to a "sell" rating in a report on Friday, February 28th.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Atlanta Braves by 160.3% in the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after buying an additional 50,702 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Atlanta Braves in the 3rd quarter valued at $507,000. JPMorgan Chase & Co. lifted its position in shares of Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock valued at $6,657,000 after acquiring an additional 92,248 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Atlanta Braves by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider's stock worth $12,216,000 after purchasing an additional 3,874 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in shares of Atlanta Braves in the fourth quarter worth $6,736,000. Institutional investors and hedge funds own 64.88% 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.