Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Get Free Report) saw an uptick in trading volume on Thursday following insider buying activity. 121,947 shares were traded during trading, an increase of 118% from the previous session’s volume of 56,016 shares.The stock last traded at $43.22 and had previously closed at $41.79.
Specifically, major shareholder John C. Malone bought 5,094 shares of Atlanta Braves stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the purchase, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder John C. Malone bought 15,192 shares of Atlanta Braves stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $40.62 per share, with a total value of $617,099.04. Following the purchase, the insider now directly owns 146,020 shares in the company, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their position. The disclosure for this purchase can be found here.
Atlanta Braves Price Performance
The company has a market cap of $2.66 billion, a price-to-earnings ratio of -58.81 and a beta of 0.78. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The company’s 50 day moving average price is $40.97 and its 200 day moving average price is $42.81.
Institutional Trading of Atlanta Braves
Hedge funds have recently made changes to their positions in the company. Quent Capital LLC lifted its stake in shares of Atlanta Braves by 1,607.7% in the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares during the period. US Bancorp DE acquired a new position in Atlanta Braves during the third quarter worth about $28,000. GAMMA Investing LLC raised its position in Atlanta Braves by 5,336.8% during the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,014 shares during the last quarter. R Squared Ltd acquired a new position in Atlanta Braves during the fourth quarter worth about $96,000. Finally, Brown Brothers Harriman & Co. raised its position in Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,180 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.
Atlanta Braves Company Profile
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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