Atlanta Braves (NASDAQ:BATRK) Posts Earnings Results

Atlanta Braves (NASDAQ:BATRK) announced its quarterly earnings data on Wednesday. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.38, Zacks reports. The company had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK traded up $0.40 during midday trading on Friday, reaching $39.87. The stock had a trading volume of 36,721 shares, compared to its average volume of 286,442. The stock has a 50-day moving average of $38.51 and a 200-day moving average of $39.94. Atlanta Braves has a 12-month low of $35.81 and a 12-month high of $44.42. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -54.59 and a beta of 0.73.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the acquisition, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 44,932 shares of company stock valued at $1,864,395 in the last 90 days.

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.