Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Buys $151,541.91 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John C. Malone purchased 3,609 shares of the business's stock in a transaction on Monday, April 14th. The stock was purchased at an average cost of $41.99 per share, for a total transaction of $151,541.91. Following the acquisition, the insider now owns 336,670 shares in the company, valued at approximately $14,136,773.30. The trade was a 1.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock traded down $0.48 during trading on Monday, hitting $38.21. The company's stock had a trading volume of 220,517 shares, compared to its average volume of 273,086. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $44.43. The company has a fifty day simple moving average of $39.16 and a two-hundred day simple moving average of $39.25. The company has a market capitalization of $1.96 billion, a PE ratio of -52.34 and a beta of 0.56.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. bought a new stake in shares of Atlanta Braves during the 4th quarter valued at $40,000. R Squared Ltd purchased a new stake in shares of Atlanta Braves during the 4th quarter worth approximately $41,000. Versant Capital Management Inc grew its holdings in shares of Atlanta Braves by 335.7% in the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 1,400 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock worth $87,000 after purchasing an additional 463 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock worth $110,000 after buying an additional 430 shares in the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.