Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Purchases 24,646 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone acquired 24,646 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the purchase, the insider now owns 211,358 shares of the company’s stock, valued at $8,864,354.52. This trade represents a 13.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Up 0.1 %

BATRK traded up $0.05 during trading on Friday, hitting $38.75. The company’s stock had a trading volume of 430,949 shares, compared to its average volume of 284,082. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The stock’s fifty day moving average price is $38.59 and its 200-day moving average price is $40.34. The firm has a market capitalization of $1.97 billion, a P/E ratio of -53.08 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.34). The business had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $301.09 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. Equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC bought a new stake in Atlanta Braves during the fourth quarter worth $6,736,000. HBK Investments L P grew its holdings in Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after buying an additional 174,300 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Atlanta Braves by 76.9% during the third quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock worth $12,554,000 after buying an additional 137,124 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Atlanta Braves by 123.0% during the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock worth $6,657,000 after buying an additional 92,248 shares in the last quarter. Finally, Harvey Partners LLC grew its holdings in Atlanta Braves by 14.6% during the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after buying an additional 64,500 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

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.