Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone bought 38,452 shares of Atlanta Braves stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the completion of the transaction, the insider now owns 254,428 shares of the company's stock, valued at approximately $10,248,359.84. This represents a 17.80 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Atlanta Braves Trading Down 0.6 %
NASDAQ BATRA opened at $42.27 on Friday. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -57.90 and a beta of 0.61. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $46.65. The company's fifty day moving average price is $43.18 and its two-hundred day moving average price is $42.24.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.47. The company had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Atlanta Braves
Several institutional investors and hedge funds have recently bought and sold shares of BATRA. Rhumbline Advisers lifted its stake in Atlanta Braves by 5.2% in the first quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider's stock valued at $756,000 after buying an additional 848 shares during the last quarter. GAMMA Investing LLC raised its stake in Atlanta Braves by 5,387.2% during the 1st quarter. GAMMA Investing LLC now owns 52,951 shares of the financial services provider's stock valued at $23,230,000 after acquiring an additional 51,986 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Atlanta Braves by 2.4% in the first quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider's stock worth $746,000 after purchasing an additional 400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Atlanta Braves by 11.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,107 shares of the financial services provider's stock valued at $698,000 after purchasing an additional 1,696 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Atlanta Braves in the fourth quarter worth about $210,000. Institutional investors and hedge funds own 12.31% of the company's stock.
Wall Street Analyst Weigh In
Separately, Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.
Get Our Latest Analysis on Atlanta Braves
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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