John C. Malone Purchases 25,182 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 25,182 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The stock was bought at an average cost of $41.91 per share, with a total value of $1,055,377.62. Following the purchase, the insider now owns 363,054 shares of the company’s stock, valued at $15,215,593.14. This represents a 7.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK opened at $38.69 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -53.00 and a beta of 0.56. The firm has a 50 day simple moving average of $39.16 and a 200 day simple moving average of $39.25.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Aristeia Capital L.L.C. lifted its holdings in shares of Atlanta Braves by 34.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider’s stock worth $92,373,000 after purchasing an additional 618,887 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Atlanta Braves by 256.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider’s stock worth $64,694,000 after purchasing an additional 1,215,948 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Atlanta Braves by 1.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,457,676 shares of the financial services provider’s stock worth $55,771,000 after buying an additional 21,659 shares during the period. Gabelli Funds LLC grew its position in shares of Atlanta Braves by 0.5% in the 4th quarter. Gabelli Funds LLC now owns 1,420,494 shares of the financial services provider’s stock valued at $54,348,000 after buying an additional 6,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Atlanta Braves by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 817,798 shares of the financial services provider’s stock valued at $31,288,000 after buying an additional 40,827 shares during the period. Institutional investors own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Atlanta Braves to a “sell” rating in a research report on Friday, February 28th.

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.