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

Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) saw unusually-high trading volume on Thursday after an insider bought additional shares in the company. Approximately 121,947 shares changed hands 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 acquired 5,094 shares of the company’s stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $41.94 per share, with a total value of $213,642.36. Following the transaction, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John C. Malone acquired 15,192 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now owns 146,020 shares in the company, valued at approximately $5,931,332.40. The trade was a 11.61 % increase in their position. The disclosure for this purchase can be found here.

Atlanta Braves Price Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s 50-day moving average is $40.97 and its 200 day moving average is $42.81. The stock has a market capitalization of $2.66 billion, a PE ratio of -58.81 and a beta of 0.78.

Atlanta Braves (NASDAQ:BATRA) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). The company had revenue of $290.67 million during the quarter, compared to analysts’ expectations of $278.30 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. During the same period last year, the business earned ($0.10) earnings per share. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BATRA. Quent Capital LLC grew its position in Atlanta Braves by 1,607.7% during the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares during the last quarter. US Bancorp DE purchased a new position in Atlanta Braves during the 3rd quarter worth $28,000. GAMMA Investing LLC grew its position in Atlanta Braves by 5,336.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,014 shares during the last quarter. R Squared Ltd purchased a new position in Atlanta Braves during the 4th quarter worth $96,000. Finally, Brown Brothers Harriman & Co. grew its position in Atlanta Braves by 460.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 2,180 shares during the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

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.