Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Purchases 15,192 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone bought 15,192 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $40.62 per share, with a total value of $617,099.04. Following the transaction, the insider now owns 146,020 shares of the company’s stock, valued at $5,931,332.40. The trade was a 11.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.6 %

Shares of Atlanta Braves stock opened at $37.91 on Friday. The firm has a market cap of $1.93 billion, a PE ratio of -51.93 and a beta of 0.72. The stock has a 50 day moving average of $38.76 and a 200 day moving average of $40.44. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results 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 analysts’ expectations of $301.09 million. During the same period in the prior year, the company earned ($0.10) EPS. As a group, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Harvey Partners LLC raised its position in shares of Atlanta Braves by 14.6% during the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock valued at $20,179,000 after buying an additional 64,500 shares in the last quarter. HBK Investments L P increased its stake in Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after acquiring an additional 174,300 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Atlanta Braves by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock valued at $12,216,000 after purchasing an additional 3,874 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $6,736,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock worth $6,657,000 after purchasing an additional 92,248 shares during the period. 64.88% of the stock is owned by hedge funds and other institutional investors.

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.