Atlanta Braves (NASDAQ:BATRA) Major Shareholder Buys $1,198,956.99 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John Malone bought 28,567 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average cost of $41.97 per share, for a total transaction of $1,198,956.99. Following the completion of the transaction, the insider directly owned 479,972 shares of the company’s stock, valued at approximately $20,144,424.84. The trade was a 6.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

BATRA stock remained flat at $42.13 on Wednesday. 40,789 shares of the company traded hands, compared to its average volume of 54,438. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $2.65 billion, a PE ratio of -1,052.99 and a beta of 0.63. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $50.50. The company has a fifty day simple moving average of $43.81 and a two-hundred day simple moving average of $45.64.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.23. The company had revenue of $311.54 million during the quarter, compared to analysts’ expectations of $309.06 million. Atlanta Braves had a negative net margin of 0.14% and a negative return on equity of 0.19%. Equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Investors Weigh In On Atlanta Braves

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after buying an additional 487 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Atlanta Braves during the second quarter valued at about $32,000. Nisa Investment Advisors LLC grew its stake in shares of Atlanta Braves by 48.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 329 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Atlanta Braves by 47.7% during the third quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 398 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Atlanta Braves in the second quarter worth about $70,000. 12.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.