John Malone Purchases 35,000 Shares of Atlanta Braves (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder John Malone bought 35,000 shares of Atlanta Braves stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $44.23 per share, with a total value of $1,548,050.00. Following the acquisition, the insider 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 filing with the SEC, which can be accessed through 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 Price Performance

BATRK stock opened at $39.13 on Friday. The stock has a market capitalization of $2.02 billion, a P/E ratio of -978.01 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18. The business has a fifty day moving average price of $39.58 and a 200-day moving average price of $40.95.

Atlanta Braves (NASDAQ:BATRK) 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 business had revenue of $311.54 million for the quarter, compared to analysts’ expectations of $309.06 million. As a group, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BATRK. Quent Capital LLC bought a new stake in shares of Atlanta Braves during the 3rd quarter valued at $28,000. First Horizon Corp bought a new stake in Atlanta Braves during the third quarter valued at about $30,000. Farther Finance Advisors LLC increased its position in Atlanta Braves by 701.1% in the third quarter. Farther Finance Advisors LLC now owns 761 shares of the financial services provider’s stock worth $32,000 after buying an additional 666 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Atlanta Braves by 218.3% in the third quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock worth $33,000 after buying an additional 548 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Atlanta Braves by 956.1% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock worth $33,000 after buying an additional 631 shares during the period. 64.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BATRK. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and set a $69.00 price target on shares of Atlanta Braves in a report on Tuesday, December 2nd. Finally, Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. One 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $57.00.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.