Key Points
- John Malone, a major shareholder, purchased 35,000 shares of Atlanta Braves Holdings at an average price of $44.23 per share on Feb 5, a $1.548M transaction that raised his direct holding to 521,862 shares (a 7.19% increase) and was disclosed in an SEC Form 4.
- Shares opened at $39.13 (down ~0.5%), with a 52-week range of $35.46–$47.18, a market cap of about $2.02B and a negative P/E of -978.01.
- The company recently beat quarterly EPS estimates ($0.47 vs. $0.24), while analysts hold a mixed view—consensus rating Hold with a $57 target—and institutional investors own roughly 64.88% of the stock.
Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder John Malone acquired 3,669 shares of the business's stock in a transaction on Wednesday, February 4th. The stock was acquired at an average price of $48.17 per share, with a total value of $176,735.73. Following the transaction, the insider owned 3,669 shares in the company, valued at approximately $176,735.73. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Atlanta Braves Stock Performance
Atlanta Braves stock opened at $39.13 on Friday. The business's fifty day moving average is $39.58 and its two-hundred day moving average is $40.99. The firm has a market cap of $2.02 billion, a P/E ratio of -978.01 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $47.18.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly 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. The company had revenue of $311.54 million for the quarter, compared to analyst estimates of $309.06 million. On average, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.
Institutional Investors Weigh In On Atlanta Braves
A number of institutional investors have recently made changes to their positions in BATRK. Lido Advisors LLC boosted its holdings in Atlanta Braves by 5.1% during the third quarter. Lido Advisors LLC now owns 5,512 shares of the financial services provider's stock worth $229,000 after buying an additional 269 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Atlanta Braves by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 39,984 shares of the financial services provider's stock valued at $1,870,000 after acquiring an additional 285 shares during the period. Comerica Bank boosted its stake in Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider's stock worth $41,000 after acquiring an additional 319 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in Atlanta Braves by 2.0% during the 4th quarter. Diversify Advisory Services LLC now owns 16,743 shares of the financial services provider's stock worth $671,000 after acquiring an additional 323 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Atlanta Braves by 5.1% during the third quarter. Sei Investments Co. now owns 7,070 shares of the financial services provider's stock valued at $294,000 after purchasing an additional 346 shares during the period. 64.88% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently weighed in on BATRK shares. Zacks Research lowered shares of Atlanta Braves from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Atlanta Braves in a research report on Monday, December 29th. Wall Street Zen upgraded Atlanta Braves from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $69.00 price target on shares of Atlanta Braves in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Atlanta Braves currently has a consensus rating of "Hold" and a consensus target price of $57.00.
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About Atlanta Braves
(
Get Free Report)
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.
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