John C. Malone Buys 15,192 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone bought 15,192 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the acquisition, the insider now owns 146,020 shares of the company’s stock, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Up 0.2 %

NASDAQ:BATRA traded up $0.07 during mid-day trading on Friday, reaching $41.28. The stock had a trading volume of 78,147 shares, compared to its average volume of 44,033. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $2.55 billion, a P/E ratio of -56.55 and a beta of 0.78. The business’s 50 day moving average is $41.02 and its 200 day moving average is $42.86. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.19). The business had revenue of $290.67 million during the quarter, compared to analyst estimates 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 period in the previous year, the firm posted ($0.10) EPS. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in Atlanta Braves during the second quarter valued at about $221,000. The Manufacturers Life Insurance Company bought a new position in Atlanta Braves in the 2nd quarter worth approximately $239,000. Aurora Investment Counsel boosted its position in shares of Atlanta Braves by 12.1% in the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 4,945 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Atlanta Braves in the third quarter worth $158,000. Finally, Quent Capital LLC increased its position in Atlanta Braves by 1,607.7% during the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 627 shares during the period. Institutional investors and hedge funds own 12.31% 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.