Atlanta Braves (NASDAQ:BATRA) Major Shareholder John Malone Purchases 35,000 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John Malone acquired 35,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was bought at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the completion of the acquisition, the insider directly owned 521,862 shares in the company, valued at approximately $23,081,956.26. This represents a 7.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.8%

Shares of BATRA opened at $43.42 on Friday. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $50.50. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The firm’s 50-day moving average price is $43.05 and its 200-day moving average price is $44.36. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -1,085.23 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, January 21st. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $52.50.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 487 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Atlanta Braves in the second quarter worth about $32,000. Nisa Investment Advisors LLC lifted 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 buying an additional 329 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of 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 valued at $56,000 after buying an additional 398 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Atlanta Braves by 149.5% during the fourth quarter. CWM LLC now owns 1,457 shares of the financial services provider’s stock valued at $62,000 after buying an additional 873 shares during the last quarter. 12.31% of the stock is currently owned by institutional investors.

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.