Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John C. Malone bought 38,452 shares of the stock in a transaction dated Tuesday, April 8th. The stock was bought at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the purchase, the insider now owns 254,428 shares in the company, valued at $10,248,359.84. The trade was a 17.80 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Atlanta Braves Price Performance
BATRK opened at $37.78 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43. The business has a 50 day simple moving average of $39.38 and a two-hundred day simple moving average of $39.33. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -51.75 and a beta of 0.56.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com upgraded Atlanta Braves to a "sell" rating in a research report on Friday, February 28th.
Get Our Latest Research Report on Atlanta Braves
Institutional Investors Weigh In On Atlanta Braves
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider's stock worth $849,000 after buying an additional 444 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Atlanta Braves in the 3rd quarter worth approximately $205,000. Barclays PLC lifted its stake in shares of Atlanta Braves by 160.3% in the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after purchasing an additional 50,702 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Atlanta Braves during the third quarter valued at approximately $507,000. Finally, JPMorgan Chase & Co. grew its stake in Atlanta Braves by 123.0% in the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock worth $6,657,000 after purchasing an additional 92,248 shares during the period. 64.88% of the stock is owned by hedge funds and other institutional investors.
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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