John C. Malone increases stake in Atlanta Braves holdings by $935,450

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, according to a recent SEC filing. Over two consecutive days, Malone purchased a total of 22,284 shares, with the transactions taking place on January 27 and January 28, 2025. The stock was bought at a price range of $41.94 to $41.99 per share, amounting to a total investment of $935,450. Following these acquisitions, Malone’s direct ownership of the company’s shares increased to 186,712 shares.The insider purchase comes as BATRA, with a market capitalization of $2.6 billion, trades near its 52-week low of $38.90. According to InvestingPro analysis, the stock appears overvalued at current levels, despite its relatively low price volatility. The company faces profitability challenges, with a negative return on equity and weak gross profit margins of 20.7%. InvestingPro subscribers have access to 8 additional key insights about BATRA, including detailed financial health metrics and comprehensive valuation analysis.

In other recent news, Liberty Media Corporation has announced a significant corporate restructuring plan to create a separate public entity by splitting off its Liberty Live Group. The restructuring will reattribute the subsidiary Quint from the Formula One Group to the Liberty Live Group, a move expected to enhance shareholder value and improve market liquidity. The newly formed Liberty Live, Inc. will hold approximately 69.6 million shares of Live Nation Entertainment (NYSE:LYV), Inc. and other assets currently attributed to the Liberty Live Group. The proposed split-off is subject to various conditions, including approval from holders of Series A and Series B Liberty Live common stock.

In other recent developments, Atlanta Braves Holdings reported a rise in Q3 2024 total revenue, reaching $291 million, up from $272 million in the same period last year. Despite a decrease in operating income and adjusted OIBDA due to rising player salaries, the company’s cash position remains robust at $100.9 million. The company is committed to strategic growth, including improvements to the fan experience at Truist Park and the adjacent Battery Atlanta, and is set to host the MLB All-Star game in 2025. It is also advocating for sports betting regulation in Georgia and exploring new media opportunities for fan engagement.

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