Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone purchased 3,609 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $41.99 per share, with a total value of $151,541.91. Following the completion of the purchase, the insider now directly owns 336,670 shares of the company's stock, valued at approximately $14,136,773.30. This represents a 1.08 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Atlanta Braves Trading Down 0.3 %
NASDAQ BATRA opened at $41.96 on Thursday. The firm has a market capitalization of $2.60 billion, a PE ratio of -57.48 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $46.65. The company has a 50-day simple moving average of $43.02 and a 200-day simple moving average of $42.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (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 business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.
Analyst Ratings Changes
Separately, Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Atlanta Braves in a report on Thursday, February 27th.
Get Our Latest Research Report on BATRA
Institutional Trading of Atlanta Braves
A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in Atlanta Braves by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 242 shares during the period. Rhumbline Advisers raised its stake in shares of Atlanta Braves by 5.2% during the first quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider's stock valued at $756,000 after purchasing an additional 848 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Atlanta Braves by 11.0% in the 4th 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 in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Atlanta Braves during the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 12.31% of the company's stock.
About Atlanta Braves
(
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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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