Atlanta Braves (NASDAQ:BATRK) Releases Quarterly Earnings Results, Beats Expectations By $0.38 EPS

Atlanta Braves (NASDAQ:BATRK) released its quarterly earnings results on Wednesday. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.38, Zacks reports.

Atlanta Braves Price Performance

Shares of Atlanta Braves stock traded up $0.78 on Wednesday, hitting $39.80. The company had a trading volume of 136,108 shares, compared to its average volume of 288,956. The business has a 50-day simple moving average of $38.47 and a 200-day simple moving average of $39.95. The company has a market cap of $2.02 billion, a PE ratio of -54.51 and a beta of 0.73. Atlanta Braves has a 52 week low of $35.81 and a 52 week high of $44.42.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone bought 15,192 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the acquisition, the insider now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased 44,932 shares of company stock worth $1,864,395 in the last three months.

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.