Key Points
- John Malone purchased 35,000 shares of Atlanta Braves (BATRA) at an average of $44.23 on Feb. 5, a $1.548M buy that raised his holdings to 521,862 shares (a 7.19% increase) disclosed in an SEC filing.
- BATRA opened Friday at $43.42 (down ~0.8%); the company has a market cap of $2.73B, a 1‑year range of $38.67–$50.50, and a deeply negative P/E of -1,085.23.
- Atlanta Braves reported a quarterly EPS of $0.47 (beating estimates) but sell‑side analysts expect about -0.98 EPS for the year, with a consensus rating of Hold and an average price target of $52.50.
Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder John Malone purchased 3,669 shares of the stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average cost of $48.17 per share, for a total transaction of $176,735.73. Following the completion of the acquisition, the insider directly owned 3,669 shares in the company, valued at approximately $176,735.73. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, 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 Down 0.8%
Atlanta Braves stock opened at $43.42 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $50.50. The stock has a fifty day moving average of $43.05 and a 200 day moving average of $44.36. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $2.73 billion, a PE ratio of -1,085.23 and a beta of 0.63.
Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $309.06 million. As a group, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Atlanta Braves in a report 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 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.50.
Read Our Latest Stock Report on BATRA
Institutional Trading of Atlanta Braves
Several institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 487 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Atlanta Braves during the second quarter valued at approximately $32,000. Nisa Investment Advisors LLC lifted its holdings 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 boosted its position 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 worth $56,000 after acquiring an additional 398 shares during the last quarter. Finally, CWM LLC grew its stake in 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 acquiring an additional 873 shares in the last quarter. Hedge funds and other institutional investors own 12.31% of the company's stock.
Atlanta Braves Company Profile
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Get Free Report)
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.
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