Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John C. Malone acquired 8,371 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $41.94 per share, with a total value of $351,079.74. Following the completion of the purchase, the insider now owns 371,707 shares of the company's stock, valued at $15,589,391.58. This trade represents a 2.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Atlanta Braves Stock Performance
BATRK opened at $38.91 on Thursday. The firm's fifty day moving average is $39.08 and its two-hundred day moving average is $39.24. The firm has a market cap of $1.99 billion, a PE ratio of -53.30 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Atlanta Braves to a "sell" rating in a report on Friday, February 28th.
View Our Latest Stock Analysis on Atlanta Braves
Hedge Funds Weigh In On Atlanta Braves
Several institutional investors and hedge funds have recently modified their holdings of BATRK. Barclays PLC boosted its position in shares of Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock worth $3,276,000 after buying an additional 50,702 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Atlanta Braves during the 3rd quarter worth approximately $507,000. JPMorgan Chase & Co. grew its stake in shares of Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock worth $6,657,000 after acquiring an additional 92,248 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Atlanta Braves by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider's stock valued at $12,216,000 after purchasing an additional 3,874 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in Atlanta Braves during the fourth quarter worth $6,736,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.
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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