John Malone Buys 3,669 Shares of Atlanta Braves (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John Malone purchased 3,669 shares of Atlanta Braves stock in a transaction dated Wednesday, February 4th. The stock was bought at an average cost of $48.17 per share, with a total value of $176,735.73. Following the completion of the transaction, the insider directly owned 3,669 shares of the company’s stock, valued at $176,735.73. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Trading Down 0.8%

Shares of NASDAQ:BATRA opened at $43.42 on Friday. The firm has a fifty day moving average of $43.05 and a two-hundred day moving average of $44.32. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.32. Atlanta Braves Holdings, Inc. has a 12-month low of $38.67 and a 12-month high of $50.50. The firm has a market capitalization of $2.73 billion, a P/E ratio of -1,085.23 and a beta of 0.63.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.23. Atlanta Braves had a negative return on equity of 0.19% and a negative net margin of 0.14%.The business had revenue of $311.54 million during the quarter, compared to analyst estimates of $309.06 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has a consensus rating of “Hold” and a consensus target price of $52.50.

Institutional Trading of Atlanta Braves

Several hedge funds have recently added to or reduced their stakes in BATRA. EverSource Wealth Advisors LLC increased its position in Atlanta Braves by 1,873.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after buying an additional 487 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Atlanta Braves in the second quarter worth $32,000. Nisa Investment Advisors LLC grew its stake in shares of Atlanta Braves by 48.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 329 shares during the last quarter. Jones Financial Companies Lllp increased its position in Atlanta Braves by 47.7% during the third quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 398 shares during the period. Finally, CWM LLC raised its stake in Atlanta Braves by 149.5% during the 4th quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 873 shares during the last quarter. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.