Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,261,191 shares of the financial services provider’s stock after purchasing an additional 21,955 shares during the quarter. Atlanta Braves comprises about 1.0% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 15th biggest position. Gamco Investors INC. ET AL owned about 3.65% of Atlanta Braves worth $92,257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacific Global Investment Management Co. boosted its holdings in shares of Atlanta Braves by 5.1% during the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 249 shares during the period. MRP Capital Investments LLC boosted its holdings in shares of Atlanta Braves by 3.4% in the fourth quarter. MRP Capital Investments LLC now owns 24,375 shares of the financial services provider’s stock worth $994,000 after buying an additional 800 shares during the period. PNC Financial Services Group Inc. grew its position in Atlanta Braves by 157.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 914 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Atlanta Braves by 25.6% in the fourth quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 959 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Atlanta Braves during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 44,258 shares of the stock in a transaction dated Thursday, April 10th. The stock was bought at an average price of $41.80 per share, with a total value of $1,849,984.40. Following the completion of the purchase, the insider now directly owns 330,870 shares of the company’s stock, valued at $13,830,366. This represents a 15.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have purchased 130,402 shares of company stock worth $5,379,118. Corporate insiders own 4.83% of the company’s stock.

Atlanta Braves Stock Down 0.1 %

Shares of BATRA opened at $42.07 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $43.09 and a two-hundred day moving average price of $42.23. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -57.63 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.47. The business had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $60.00 price target on shares of Atlanta Braves in a report on Thursday, February 27th.

About Atlanta Braves

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.