John C. Malone Buys 15,192 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John C. Malone acquired 15,192 shares of Atlanta Braves stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the purchase, the insider now owns 146,020 shares in the company, valued at approximately $5,931,332.40. The trade was a 11.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

NASDAQ:BATRA opened at $41.16 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. Atlanta Braves Holdings, Inc. has a 1 year low of $38.90 and a 1 year high of $46.65. The stock’s 50 day simple moving average is $40.97 and its two-hundred day simple moving average is $42.84. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -56.38 and a beta of 0.78.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). The firm had revenue of $290.67 million during the quarter, compared to the consensus estimate of $278.30 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. During the same period in the previous year, the firm earned ($0.10) EPS. As a group, equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Atlanta Braves in the second quarter worth about $221,000. The Manufacturers Life Insurance Company bought a new stake in Atlanta Braves in the second quarter worth about $239,000. Aurora Investment Counsel lifted its stake in Atlanta Braves by 12.1% in the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 4,945 shares during the last quarter. SG Americas Securities LLC bought a new stake in Atlanta Braves in the third quarter worth about $158,000. Finally, Quent Capital LLC lifted its stake in Atlanta Braves by 1,607.7% in the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares during the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

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.