Atlanta Braves (NASDAQ:BATRA) Major Shareholder John Malone Purchases 4,631 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John Malone bought 4,631 shares of the stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $41.99 per share, with a total value of $194,455.69. Following the completion of the purchase, the insider owned 484,603 shares of the company’s stock, valued at $20,348,479.97. This represents a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

Shares of BATRA stock remained flat at $42.13 during trading hours on Wednesday. The stock had a trading volume of 40,789 shares, compared to its average volume of 54,445. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $50.50. The business’s fifty day moving average price is $43.81 and its 200 day moving average price is $45.64. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The stock has a market cap of $2.65 billion, a P/E ratio of -1,052.99 and a beta of 0.63.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.23. Atlanta Braves had a negative return on equity of 0.19% and a negative net margin of 0.14%.The firm had revenue of $311.54 million for the quarter, compared to the consensus estimate of $309.06 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Atlanta Braves currently has an average rating of “Hold” and an average target price of $52.50.

Institutional Trading of Atlanta Braves

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BATRA. Vanguard Group Inc. raised its position in Atlanta Braves by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock worth $31,172,000 after buying an additional 85,853 shares during the last quarter. HRT Financial LP raised its holdings in shares of Atlanta Braves by 600.4% during the second quarter. HRT Financial LP now owns 48,679 shares of the financial services provider’s stock worth $2,395,000 after purchasing an additional 41,729 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Atlanta Braves by 4.5% during the third quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock worth $39,300,000 after purchasing an additional 36,995 shares during the last quarter. Nuveen LLC acquired a new position in Atlanta Braves during the first quarter valued at $1,596,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Atlanta Braves in the second quarter valued at $1,516,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

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.