John C. Malone Acquires 15,192 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 15,192 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now owns 146,020 shares in the company, valued at approximately $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Trading Down 0.6 %

Shares of NASDAQ:BATRK opened at $37.91 on Monday. The stock has a fifty day simple moving average of $38.72 and a two-hundred day simple moving average of $40.42. Atlanta Braves Holdings, Inc. has a 12-month low of $35.81 and a 12-month high of $44.42. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -51.93 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 for the quarter, missing the consensus estimate of $0.50 by ($0.34). The firm had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $301.09 million. During the same period in the previous year, the firm earned ($0.10) EPS. As a group, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BATRK. Delphi Management Inc. MA raised its position in Atlanta Braves by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock worth $1,863,000 after buying an additional 388 shares during the last quarter. FMR LLC raised its holdings in shares of Atlanta Braves by 2.1% during the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 444 shares during the last quarter. Quarry LP lifted its position in Atlanta Braves by 0.9% during the third quarter. Quarry LP now owns 51,562 shares of the financial services provider’s stock valued at $2,052,000 after purchasing an additional 456 shares during the period. Diversify Advisory Services LLC boosted its holdings in Atlanta Braves by 3.1% in the fourth quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 474 shares during the last quarter. Finally, nVerses Capital LLC grew its position in Atlanta Braves by 25.0% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 600 shares during the period. 64.88% of the stock is owned by hedge funds and other institutional investors.

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.