Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys 2,760 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 2,760 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the purchase, the insider now directly owns 214,118 shares in the company, valued at $8,990,814.82. This trade represents a 1.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

NASDAQ BATRA opened at $42.04 on Friday. The company has a fifty day simple moving average of $42.35 and a 200 day simple moving average of $42.43. Atlanta Braves Holdings, Inc. has a 12-month low of $38.90 and a 12-month high of $46.65. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The company has a market cap of $2.60 billion, a P/E ratio of -57.59 and a beta of 0.73.

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

Institutional Trading of Atlanta Braves

Several hedge funds have recently bought and sold shares of BATRA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Atlanta Braves by 11.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,107 shares of the financial services provider’s stock valued at $698,000 after acquiring an additional 1,696 shares in the last quarter. Squarepoint Ops LLC bought a new position in Atlanta Braves during the 4th quarter valued at $210,000. Nuveen Asset Management LLC lifted its stake 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 valued at $1,483,000 after acquiring an additional 540 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in Atlanta Braves during the 4th quarter valued at $220,000. Finally, Ionic Capital Management LLC bought a new position in Atlanta Braves during the 4th quarter valued at $197,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Atlanta Braves in a research note 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.