Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone bought 2,760 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the transaction, the insider now directly owns 214,118 shares in the company, valued at approximately $8,990,814.82. This represents a 1.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Atlanta Braves Stock Performance
NASDAQ BATRA opened at $42.04 on Friday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $46.65. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -57.59 and a beta of 0.73. The business has a fifty day moving average of $42.35 and a 200-day moving average of $42.45. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. As a group, analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of Atlanta Braves in a research note on Thursday, February 27th.
Check Out Our Latest Stock Report on BATRA
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE acquired a new stake in shares of Atlanta Braves during the 3rd quarter worth approximately $28,000. KLP Kapitalforvaltning AS bought a new position in Atlanta Braves during the 4th quarter valued at $53,000. BNP Paribas Financial Markets bought a new position in Atlanta Braves during the 4th quarter valued at $59,000. PNC Financial Services Group Inc. boosted its stake in Atlanta Braves by 157.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 914 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Atlanta Braves during the 4th quarter worth $96,000. Hedge funds and other institutional investors own 12.31% of the company's stock.
Atlanta Braves Company Profile
(
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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.
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