John C. Malone Purchases 24,646 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone bought 24,646 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $41.94 per share, for a total transaction of $1,033,653.24. Following the purchase, the insider now owns 211,358 shares of the company's stock, valued at approximately $8,864,354.52. The trade was a 13.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Atlanta Braves Trading Up 1.4 %

Shares of NASDAQ:BATRA traded up $0.62 during midday trading on Tuesday, hitting $44.53. 60,584 shares of the stock were exchanged, compared to its average volume of 61,477. The business's 50-day moving average price is $41.05 and its 200 day moving average price is $42.74. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. Atlanta Braves Holdings, Inc. has a 12 month low of $38.90 and a 12 month high of $46.65. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of -61.00 and a beta of 0.80.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.19). The company had revenue of $290.67 million during the quarter, compared to analyst estimates of $278.30 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. During the same period in the previous year, the company posted ($0.10) EPS. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently bought and sold shares of the company. Quent Capital LLC boosted its stake in Atlanta Braves by 1,607.7% during the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider's stock worth $28,000 after acquiring an additional 627 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Atlanta Braves in the third quarter worth approximately $28,000. GAMMA Investing LLC lifted its stake 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 valued at $44,000 after acquiring an additional 1,014 shares in the last quarter. R Squared Ltd bought a new position in shares of Atlanta Braves during the fourth quarter valued at about $96,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Atlanta Braves by 460.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider's stock worth $112,000 after buying an additional 2,180 shares in the last quarter. 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.