Atlanta Braves (NASDAQ:BATRA) Sees Unusually-High Trading Volume Following Insider Buying Activity

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRAGet 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.

Atlanta Braves (NASDAQ:BATRAGet Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.19). Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The firm had revenue of $290.67 million during the quarter, compared to analyst estimates of $278.30 million. During the same quarter last year, the business posted ($0.10) EPS. Equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

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

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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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