John C. Malone Buys 5,094 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 5,094 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $41.94 per share, with a total value of $213,642.36. Following the acquisition, the insider now owns 169,522 shares of the company’s stock, valued at $7,109,752.68. This represents a 3.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Up 2.7 %

NASDAQ:BATRA opened at $42.93 on Friday. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65. The company has a market capitalization of $2.66 billion, a PE ratio of -58.81 and a beta of 0.78. The firm’s 50-day moving average price is $40.97 and its 200-day moving average price is $42.81. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $290.67 million for the quarter, compared to the consensus estimate of $278.30 million. During the same period in the prior year, the business posted ($0.10) EPS. On average, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC increased its holdings in shares of Atlanta Braves by 1,607.7% in the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Atlanta Braves during the third quarter valued at $28,000. SG Americas Securities LLC increased its holdings in Atlanta Braves by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock worth $192,000 after buying an additional 959 shares in the last quarter. GAMMA Investing LLC raised its position in Atlanta Braves by 5,336.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,014 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in Atlanta Braves by 62.9% during the 3rd quarter. Quest Partners LLC now owns 5,312 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 2,052 shares during the period. Hedge funds and other institutional investors own 12.31% of the company’s stock.

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.