Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder John C. Malone Acquires 5,094 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone purchased 5,094 shares of the business’s stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $41.94 per share, with a total value of $213,642.36. Following the purchase, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

Shares of Atlanta Braves stock traded down $0.15 during midday trading on Wednesday, hitting $41.90. 90,692 shares of the company were exchanged, compared to its average volume of 51,834. The firm has a 50 day simple moving average of $40.96 and a 200-day simple moving average of $42.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $2.59 billion, a P/E ratio of -57.40 and a beta of 0.78. Atlanta Braves Holdings, Inc. has a 52 week low of $38.90 and a 52 week high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) 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 company had revenue of $290.67 million for the quarter, compared to the consensus estimate of $278.30 million. During the same period in the previous year, the business posted ($0.10) earnings per share. Research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Trading of Atlanta Braves

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Atlanta Braves by 1.4% in the third quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock valued at $11,817,000 after buying an additional 3,798 shares during the last quarter. State Street Corp raised its stake in shares of Atlanta Braves by 1.3% in the third quarter. State Street Corp now owns 266,968 shares of the financial services provider’s stock worth $11,253,000 after acquiring an additional 3,432 shares during the last quarter. Aurora Investment Counsel lifted its position in shares of Atlanta Braves by 12.1% during the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 4,945 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Atlanta Braves by 11.1% during the third quarter. Pinnacle Associates Ltd. now owns 41,771 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 4,165 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Atlanta Braves by 20.7% in the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 5,066 shares in the last quarter. 12.31% of the stock is owned by 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.