John C. Malone Purchases 5,094 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 5,094 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA opened at $42.93 on Friday. The company has a market capitalization of $2.66 billion, a P/E ratio of -58.81 and a beta of 0.78. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65. The firm’s 50 day simple moving average is $40.97 and its two-hundred day simple moving average is $42.81. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.19). The firm had revenue of $290.67 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned ($0.10) earnings per share. Research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Large investors have recently made changes to their positions in the business. US Bancorp DE purchased a new stake in shares of Atlanta Braves during the third quarter worth about $28,000. Quent Capital LLC boosted its stake in Atlanta Braves by 1,607.7% in the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares during the period. GAMMA Investing LLC boosted its stake in Atlanta Braves by 5,336.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,014 shares during the period. R Squared Ltd purchased a new stake in Atlanta Braves during the 4th quarter valued at approximately $96,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock valued at $112,000 after buying an additional 2,180 shares during the last quarter. 12.31% of the stock is currently 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.