Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Acquires $79,920.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRKGet Free Report) major shareholder Associated Capital Group, Inc. bought 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were bought at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the purchase, the insider now owns 7,550 shares of the company’s stock, valued at approximately $301,698. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Up 0.9 %

Shares of NASDAQ BATRK traded up $0.33 during trading on Tuesday, reaching $38.45. The company had a trading volume of 88,177 shares, compared to its average volume of 177,158. The company’s fifty day moving average price is $38.81 and its 200-day moving average price is $39.08. Atlanta Braves Holdings, Inc. has a 12 month low of $33.95 and a 12 month high of $50.15. The stock has a market cap of $1.95 billion and a P/E ratio of -19.06.

Atlanta Braves (NASDAQ:BATRKGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The firm had revenue of $37.08 million for the quarter, compared to analysts’ expectations of $39.63 million. As a group, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Atlanta Braves from a “c-” rating to a “d+” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.00.

View Our Latest Stock Report on BATRK

Institutional Trading of Atlanta Braves

Large investors have recently bought and sold shares of the business. Hawk Ridge Capital Management LP boosted its position in shares of Atlanta Braves by 7.4% during the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,521,170 shares of the financial services provider’s stock valued at $90,081,000 after purchasing an additional 173,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Atlanta Braves by 20.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock worth $83,750,000 after buying an additional 396,079 shares in the last quarter. Broad Bay Capital Management LP increased its stake in shares of Atlanta Braves by 17.4% in the 4th quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock valued at $80,102,000 after acquiring an additional 300,000 shares in the last quarter. Shapiro Capital Management LLC lifted its position in shares of Atlanta Braves by 0.6% during the 3rd quarter. Shapiro Capital Management LLC now owns 1,604,670 shares of the financial services provider’s stock valued at $57,335,000 after acquiring an additional 9,137 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Atlanta Braves by 1.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,461,503 shares of the financial services provider’s stock worth $57,846,000 after acquiring an additional 26,768 shares in the last quarter. 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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Insider Buying and Selling by Quarter for Atlanta Braves (NASDAQ:BATRK)

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