Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone bought 44,258 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average price of $41.80 per share, for a total transaction of $1,849,984.40. Following the completion of the acquisition, the insider now owns 330,870 shares in the company, valued at $13,830,366. This represents a 15.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Atlanta Braves Price Performance
BATRA stock opened at $42.07 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The business has a 50-day simple moving average of $43.09 and a two-hundred day simple moving average of $42.23. The company has a market capitalization of $2.60 billion, a P/E ratio of -57.63 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $46.65.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $48.20 million. Research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 27th.
Check Out Our Latest Analysis on Atlanta Braves
Hedge Funds Weigh In On Atlanta Braves
Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in Atlanta Braves by 5.2% during the first quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider's stock worth $756,000 after acquiring an additional 848 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 worth $23,230,000 after purchasing an additional 51,986 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Atlanta Braves by 2.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider's stock worth $746,000 after buying an additional 400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 buying an additional 1,696 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Atlanta Braves during the fourth quarter worth about $210,000. 12.31% of the stock is owned by hedge funds and other institutional investors.
Atlanta Braves Company Profile
(
Get Free Report)
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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