John C. Malone Purchases 2,760 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone bought 2,760 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the transaction, the insider now owns 214,118 shares in the company, valued at approximately $8,990,814.82. The trade was a 1.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Down 0.2 %

Shares of NASDAQ:BATRK opened at $38.48 on Friday. The business has a 50 day moving average price of $38.84 and a 200 day moving average price of $39.71. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -52.71 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results 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 business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Atlanta Braves by 15.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,155 shares of the financial services provider’s stock worth $5,171,000 after buying an additional 18,501 shares in the last quarter. Troluce Capital Advisors LLC acquired a new position in shares of Atlanta Braves in the 4th quarter worth approximately $10,751,000. ProShare Advisors LLC raised its holdings in shares of Atlanta Braves by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 14,128 shares of the financial services provider’s stock worth $541,000 after buying an additional 4,648 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Atlanta Braves by 18.4% in the 4th quarter. Quantinno Capital Management LP now owns 6,097 shares of the financial services provider’s stock worth $233,000 after buying an additional 946 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Atlanta Braves by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,537 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 1,063 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.