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John C. Malone, a significant shareholder in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA), recently acquired additional shares of the company’s Series A common stock. The company, currently valued at $2.63 billion, has demonstrated historically low price volatility according to InvestingPro analysis. According to a filing with the Securities and Exchange Commission, Malone purchased a total of 3,483 shares over two days, March 12 and March 13, at a weighted average price of $41.99 per share. This acquisition amounts to a total investment of approximately $146,251. The stock currently trades at $42.05, slightly above InvestingPro’s Fair Value estimate. Discover 8 additional key insights and a comprehensive analysis of BATRA with an InvestingPro subscription.
Following these transactions, Malone now holds 214,841 shares directly. Additionally, the filing notes that Malone has indirect ownership of 10,177 shares through the Leslie A. Malone 1995 Revocable Trust, although he disclaims beneficial ownership of these shares. The company operates with a debt-to-equity ratio of 1.39 and maintains a current ratio of 0.62, indicating potential liquidity challenges.
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