Key Points
- John Malone bought 28,567 shares of Atlanta Braves Holdings (NASDAQ:BATRA) on Nov. 17 at an average price of $41.97, a $1,198,956.99 purchase that raised his holding to 479,972 shares (a 6.33% increase) valued at about $20.14M.
- The company reported a quarterly EPS beat ($0.47 vs. $0.24) and $311.54M in revenue but still shows negative profitability (negative ROE and net margin); the stock trades near $42 with a $2.65B market cap and carries a consensus "Hold" rating and $52.50 target from analysts.
Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John Malone purchased 28,567 shares of the company's stock in a transaction dated Monday, November 17th. The stock was acquired at an average price of $41.97 per share, with a total value of $1,198,956.99. Following the completion of the transaction, the insider owned 479,972 shares of the company's stock, valued at $20,144,424.84. This represents a 6.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible 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 Performance
Shares of NASDAQ:BATRA opened at $42.13 on Thursday. The company has a market capitalization of $2.65 billion, a P/E ratio of -1,052.99 and a beta of 0.63. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $50.50. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.87 and a quick ratio of 0.87. The business's 50 day simple moving average is $43.75 and its 200 day simple moving average is $45.62.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.23. The firm had revenue of $311.54 million during the quarter, compared to the consensus estimate of $309.06 million. Atlanta Braves had a negative return on equity of 0.19% and a negative net margin of 0.14%. On average, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 487 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Atlanta Braves during the second quarter valued at about $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Atlanta Braves by 48.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider's stock worth $50,000 after purchasing an additional 329 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Atlanta Braves by 47.7% in 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 period. Finally, State of Wyoming bought a new position in Atlanta Braves in the 2nd quarter valued at approximately $70,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Atlanta Braves in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Atlanta Braves currently has an average rating of "Hold" and a consensus target price of $52.50.
Read Our Latest Research Report on BATRA
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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