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John C. Malone, a prominent investor and ten percent owner of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA), recently increased his stake in the company with a significant purchase of Series A Common Stock. According to a recent SEC filing, Malone acquired a total of 70,636 shares over two days, with transactions taking place on April 8 and April 9, 2025. The shares were purchased at a weighted average price between $40.28 and $40.57, resulting in a total transaction value of approximately $2.85 million. The company, currently valued at $2.64 billion, has seen its stock trading near its 52-week low, according to InvestingPro data.
Following these transactions, Malone's direct ownership in the company increased to 286,612 shares. Additionally, Malone holds 10,177 shares indirectly through the Leslie A. Malone 1995 Revocable Trust, although he disclaims beneficial ownership of these shares. The company operates with a moderate debt level, maintaining a debt-to-equity ratio of 1.39.
The transactions were executed through open market purchases, with Malone acquiring shares at different prices within specified ranges. The filing notes that the purchases reflect weighted average prices, with the April 8 transactions ranging from $39.72 to $41.00, and the April 9 transactions ranging from $39.51 to $42.00.
These moves come as Malone continues to solidify his investment in Atlanta Braves Holdings, the parent company of the Major League Baseball team.
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