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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction on Monday, January 27th. The stock was acquired at an average cost 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 approximately $7,109,752.68. This represents a 3.10 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Up 1.8 %

Shares of Atlanta Braves stock opened at $38.70 on Friday. The firm has a market capitalization of $1.97 billion, a P/E ratio of -53.01 and a beta of 0.72. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.42. The company has a 50 day moving average price of $38.61 and a 200 day moving average price of $40.35.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.34). The firm had revenue of $290.67 million for the quarter, compared to analyst estimates of $301.09 million. During the same period in the prior year, the firm earned ($0.10) EPS. As a group, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Atlanta Braves during the fourth quarter worth about $41,000. Quent Capital LLC lifted its stake in Atlanta Braves by 568.4% during the 3rd quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,404 shares during the period. nVerses Capital LLC boosted its holdings in shares of Atlanta Braves by 25.0% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 600 shares during the last quarter. Quest Partners LLC increased its stake in shares of Atlanta Braves by 28,820.0% in the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of Atlanta Braves during the third quarter worth $205,000. 64.88% of the stock is owned by institutional investors and hedge funds.

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.