John C. Malone buys $1.37 million in Atlanta Braves holdings stock

ENGLEWOOD, CO—John C. Malone, a significant shareholder of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA), has expanded his stake in the company with recent stock purchases. According to a recent SEC filing, Malone acquired a total of 33,600 shares of Series A Common Stock over two days, January 22 and January 23, 2025. The purchase comes as the $2.57 billion market cap company trades near its 52-week low, according to InvestingPro data.

The shares were purchased at prices ranging from $40.62 to $41.10, with the total transaction amounting to approximately $1.37 million. Following these acquisitions, Malone's direct ownership in the company increased to 164,428 shares. InvestingPro analysis shows the stock has maintained relatively low price volatility with a beta of 0.94, though the company is currently not profitable based on last twelve months' results.

These transactions reflect Malone's continued interest in Atlanta Braves Holdings, a company engaged in the amusement and recreation services industry. For deeper insights into BATRA's financial health and valuation metrics, investors can access comprehensive analysis through InvestingPro's detailed research reports, which are available for over 1,400 US stocks.

In other recent news, Liberty Media Corporation has announced a significant restructuring plan, intending to create a separate public entity by splitting off its Liberty Live Group. This strategic move is expected to enhance shareholder value and streamline the capital structure. The restructuring will involve reattributing the subsidiary Quint from the Formula One Group to the Liberty Live Group, a move that aligns with the company's strategy to optimize its assets and improve market liquidity. The split-off is expected to be completed in the second half of 2025, subject to various conditions including approval from holders of Series A and Series B Liberty Live common stock.

In the meantime, Atlanta Braves Holdings, another Liberty Media entity, reported a rise in total revenue for Q3 2024, reaching $291 million, up from $272 million in the same period last year. Despite a decrease in operating income and adjusted OIBDA, largely due to rising player salaries, the company's cash position remains robust at $100.9 million. The management is committed to strategic growth, including improvements to the fan experience at Truist Park and the adjacent Battery Atlanta.

These recent developments reflect both companies' commitment to revenue growth, asset value creation, and long-term success. Investors are invited to Liberty Media's Investor Day for further insights into the companies' direction.

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