Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John C. Malone bought 8,371 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $41.94 per share, for a total transaction of $351,079.74. Following the completion of the transaction, the insider now directly owns 371,707 shares in the company, valued at approximately $15,589,391.58. The trade was a 2.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Atlanta Braves Trading Up 0.2 %
BATRA opened at $42.88 on Thursday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -58.74 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. The business's 50 day moving average is $42.92 and its two-hundred day moving average is $42.25. 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 issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($0.78) by $0.47. The firm had revenue of $52.12 million during the quarter, compared to analysts' expectations of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. On average, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.
Analyst Ratings Changes
Separately, Benchmark reaffirmed a "buy" rating and set a $60.00 price objective on shares of Atlanta Braves in a report on Thursday, February 27th.
Get Our Latest Stock Report on Atlanta Braves
Hedge Funds Weigh In On Atlanta Braves
Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Atlanta Braves by 25.1% during the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock worth $53,000 after acquiring an additional 242 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlanta Braves during the fourth quarter worth approximately $53,000. BNP Paribas Financial Markets acquired a new stake in shares of Atlanta Braves during the fourth quarter worth $59,000. PNC Financial Services Group Inc. grew its position in Atlanta Braves by 157.3% in 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 buying an additional 914 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Atlanta Braves in the 4th quarter valued at $96,000. Hedge funds and other institutional investors 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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