John Malone Purchases 840 Shares of Atlanta Braves (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John Malone bought 840 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $41.99 per share, for a total transaction of $35,271.60. Following the completion of the purchase, the insider directly owned 372,547 shares of the company’s stock, valued at approximately $15,643,248.53. This trade represents a 0.23% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of BATRA opened at $42.65 on Friday. The stock has a 50 day moving average price of $44.93 and a 200 day moving average price of $45.64. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -121.86 and a beta of 0.64. Atlanta Braves Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $50.50.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.12. The business had revenue of $312.44 million during the quarter, compared to the consensus estimate of $295.86 million. Atlanta Braves had a negative net margin of 2.99% and a negative return on equity of 3.98%. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $52.50.

Institutional Investors Weigh In On Atlanta Braves

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Atlanta Braves by 0.8% in the first quarter. Vanguard Group Inc. now owns 594,802 shares of the financial services provider’s stock valued at $26,094,000 after acquiring an additional 4,959 shares during the period. Roundview Capital LLC boosted its holdings in shares of Atlanta Braves by 0.6% in the second quarter. Roundview Capital LLC now owns 158,486 shares of the financial services provider’s stock valued at $7,799,000 after acquiring an additional 1,014 shares during the period. Hudson Value Partners LLC boosted its holdings in shares of Atlanta Braves by 0.7% in the second quarter. Hudson Value Partners LLC now owns 87,901 shares of the financial services provider’s stock valued at $4,326,000 after acquiring an additional 596 shares during the period. HRT Financial LP boosted its holdings in shares of Atlanta Braves by 600.4% in the second quarter. HRT Financial LP now owns 48,679 shares of the financial services provider’s stock valued at $2,395,000 after acquiring an additional 41,729 shares during the period. Finally, Aurora Investment Counsel boosted its holdings in shares of Atlanta Braves by 1.3% in the second quarter. Aurora Investment Counsel now owns 45,672 shares of the financial services provider’s stock valued at $2,248,000 after acquiring an additional 581 shares during the period. 12.31% 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.