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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John C. Malone purchased 24,646 shares of Atlanta Braves stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $41.94 per share, with a total value of $1,033,653.24. Following the acquisition, the insider now owns 211,358 shares of the company's stock, valued at approximately $8,864,354.52. This trade represents a 13.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK traded up $0.70 on Tuesday, hitting $40.61. The company's stock had a trading volume of 546,746 shares, compared to its average volume of 304,625. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.42. The stock's 50-day moving average is $38.55 and its two-hundred day moving average is $40.25. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -55.63 and a beta of 0.73.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.34). The firm had revenue of $290.67 million during the quarter, compared to the consensus estimate of $301.09 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Atlanta Braves during the fourth quarter valued at approximately $211,000. Truist Financial Corp boosted its stake in shares of Atlanta Braves by 5.2% during the 4th quarter. Truist Financial Corp now owns 10,892 shares of the financial services provider's stock valued at $417,000 after buying an additional 535 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of Atlanta Braves by 12.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 52,050 shares of the financial services provider's stock valued at $1,991,000 after buying an additional 5,877 shares during the last quarter. Rhumbline Advisers grew its position in Atlanta Braves by 16.8% in the fourth quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock worth $3,070,000 after acquiring an additional 11,554 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Atlanta Braves during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 64.88% of the company's stock.

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.