Atlanta Braves (NASDAQ:BATRK) Issues Quarterly Earnings Results, Beats Estimates By $0.38 EPS

Atlanta Braves (NASDAQ:BATRK) issued its quarterly earnings results on Wednesday. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.38, Zacks reports. The business had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million.

Atlanta Braves Price Performance

BATRK stock traded up $0.40 during midday trading on Friday, reaching $39.87. 36,721 shares of the company were exchanged, compared to its average volume of 286,442. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -54.59 and a beta of 0.73. The business has a 50-day moving average price of $38.51 and a two-hundred day moving average price of $39.94. Atlanta Braves has a one year low of $35.81 and a one year high of $44.42.

Insiders Place Their Bets

In related news, major shareholder John C. Malone acquired 15,192 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the purchase, the insider now directly owns 146,020 shares of the company’s stock, valued at $5,931,332.40. The trade was a 11.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 44,932 shares of company stock worth $1,864,395 in the last quarter.

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.