Insider Buying: Atlanta Braves (NASDAQ:BATRK) Major Shareholder Acquires 4,631 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John Malone bought 4,631 shares of the business's stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of $41.99 per share, with a total value of $194,455.69. Following the completion of the purchase, the insider directly owned 484,603 shares in the company, valued at $20,348,479.97. The trade was a 0.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Up 0.3%

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Shares of NASDAQ BATRK traded up $0.11 during midday trading on Wednesday, hitting $38.16. 262,661 shares of the company's stock were exchanged, compared to its average volume of 300,057. The company's 50 day moving average price is $40.30 and its 200 day moving average price is $42.53. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $47.18. The firm has a market capitalization of $1.97 billion, a PE ratio of -953.76 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.24 by $0.23. The company had revenue of $311.54 million during the quarter, compared to analyst estimates of $309.06 million. On average, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Analyst Upgrades and Downgrades

BATRK has been the subject of several research reports. Weiss Ratings reissued a "sell (d)" rating on shares of Atlanta Braves in a report on Thursday, November 13th. Wall Street Zen downgraded shares of Atlanta Braves from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Finally, Zacks Research upgraded Atlanta Braves from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

Check Out Our Latest Stock Report on Atlanta Braves

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors and hedge funds have recently added to or reduced their stakes in BATRK. Quent Capital LLC bought a new stake in shares of Atlanta Braves during the third quarter worth $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Atlanta Braves by 956.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 631 shares in the last quarter. First Horizon Corp bought a new stake in Atlanta Braves during the 3rd quarter worth $30,000. Farther Finance Advisors LLC increased its holdings in Atlanta Braves by 701.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 761 shares of the financial services provider's stock worth $32,000 after purchasing an additional 666 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Atlanta Braves by 218.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider's stock worth $33,000 after purchasing an additional 548 shares in the last quarter. Institutional investors own 64.88% of the company's stock.

Atlanta Braves Company Profile

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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