Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder John C. Malone Purchases 2,760 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRKGet Free Report) major shareholder John C. Malone purchased 2,760 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the acquisition, the insider now directly owns 214,118 shares in the company, valued at approximately $8,990,814.82. The trade was a 1.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

Shares of BATRK stock opened at $38.48 on Friday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.42. The stock has a fifty day moving average of $38.84 and a two-hundred day moving average of $39.71. The firm has a market capitalization of $1.97 billion, a PE ratio of -52.71 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRKGet Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. Equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Atlanta Braves to a “sell” rating in a research report on Friday, February 28th.

Get Our Latest Stock Report on Atlanta Braves

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Atlanta Braves by 15.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,155 shares of the financial services provider’s stock valued at $5,171,000 after buying an additional 18,501 shares during the period. Troluce Capital Advisors LLC acquired a new stake in shares of Atlanta Braves during the fourth quarter worth $10,751,000. ProShare Advisors LLC raised its position in Atlanta Braves by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 14,128 shares of the financial services provider’s stock valued at $541,000 after buying an additional 4,648 shares during the period. Quantinno Capital Management LP raised its position in Atlanta Braves by 18.4% during the fourth quarter. Quantinno Capital Management LP now owns 6,097 shares of the financial services provider’s stock valued at $233,000 after buying an additional 946 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Atlanta Braves by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,537 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 1,063 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

About Atlanta Braves

(Get Free Report)

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.

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