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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) 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:BATRK) 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.

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

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.