Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Acquires $213,642.36 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John C. Malone purchased 5,094 shares of the company’s stock in a transaction on Monday, January 27th. The shares were bought at an average price of $41.94 per share, with a total value of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 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:BATRK opened at $38.75 on Friday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.42. The company has a 50 day moving average price of $38.59 and a 200 day moving average price of $40.34. The stock has a market capitalization of $1.97 billion, a P/E ratio of -53.08 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.34). The firm had revenue of $290.67 million during the quarter, compared to analyst estimates of $301.09 million. During the same period in the prior year, the company posted ($0.10) EPS. Research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently bought and sold shares of BATRK. R Squared Ltd acquired a new stake in shares of Atlanta Braves during the fourth quarter worth about $41,000. Quent Capital LLC lifted its holdings in Atlanta Braves by 568.4% during the 3rd quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,404 shares in the last quarter. nVerses Capital LLC boosted its position in Atlanta Braves by 25.0% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock valued at $119,000 after buying an additional 600 shares during the period. Quest Partners LLC grew its stake in shares of Atlanta Braves by 28,820.0% in the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of Atlanta Braves in the fourth quarter valued at $204,000. 64.88% of the stock is owned by institutional investors and hedge funds.

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.