Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Purchases $1,055,377.62 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - 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 shares were purchased at an average cost of $41.91 per share, with a total value of $1,055,377.62. Following the completion of the acquisition, the insider now directly owns 363,054 shares in the company, valued at approximately $15,215,593.14. The trade was a 7.45 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Atlanta Braves Trading Up 0.2 %

NASDAQ BATRA traded up $0.10 on Wednesday, reaching $42.88. The company had a trading volume of 34,076 shares, compared to its average volume of 42,312. 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 Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $46.65. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -58.74 and a beta of 0.61. The stock's 50 day moving average is $42.92 and its 200-day moving average is $42.25.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million during the quarter, compared to analysts' expectations of $48.20 million. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds and other institutional investors have recently made changes to their positions in BATRA. GAMMA Investing LLC boosted its holdings in shares of Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock valued at $53,000 after buying an additional 242 shares during the period. Pacific Global Investment Management Co. boosted its position in shares of Atlanta Braves by 5.1% during the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock worth $210,000 after buying an additional 249 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of Atlanta Braves by 2.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider's stock worth $746,000 after acquiring an additional 400 shares in the last quarter. Northern Trust Corp increased its stake in Atlanta Braves by 0.5% in the 4th quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider's stock valued at $3,902,000 after buying an additional 436 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Atlanta Braves by 1.5% during the 4th quarter. Nuveen Asset Management LLC now owns 36,354 shares of the financial services provider's stock worth $1,483,000 after buying an additional 540 shares in the last quarter. 12.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.