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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone bought 2,760 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the purchase, the insider now owns 214,118 shares of the company’s stock, valued at approximately $8,990,814.82. The trade was a 1.31 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.2 %

NASDAQ BATRK opened at $38.48 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.42. The stock has a market cap of $1.97 billion, a P/E ratio of -52.71 and a beta of 0.65. The stock’s fifty day moving average price is $38.84 and its 200-day moving average price is $39.68.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. As a group, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

Several institutional investors have recently modified their holdings of BATRK. Entropy Technologies LP purchased a new stake in shares of Atlanta Braves during the third quarter valued at $300,000. Quest Partners LLC boosted its position in shares of Atlanta Braves by 28,820.0% during the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after buying an additional 4,323 shares during the last quarter. Commerce Bank boosted its position in shares of Atlanta Braves by 80.3% during the third quarter. Commerce Bank now owns 15,982 shares of the financial services provider’s stock valued at $636,000 after buying an additional 7,118 shares during the last quarter. Moran Wealth Management LLC boosted its position in shares of Atlanta Braves by 44.3% during the third quarter. Moran Wealth Management LLC now owns 11,946 shares of the financial services provider’s stock valued at $475,000 after buying an additional 3,667 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Atlanta Braves during the third quarter valued at $455,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Atlanta Braves to a “sell” rating in a research note 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.