Gamco Investors, Inc. Et Al Sells 500 Shares of Atlanta Braves (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of Atlanta Braves stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $45.35, for a total transaction of $22,675.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Friday, September 26th, Gamco Investors, Inc. Et Al sold 500 shares of Atlanta Braves stock. The shares were sold at an average price of $45.51, for a total transaction of $22,755.00.
• On Thursday, September 25th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The stock was sold at an average price of $45.41, for a total value of $36,328.00.
• On Friday, September 19th, Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock. The stock was sold at an average price of $45.19, for a total value of $49,709.00.
• On Thursday, September 18th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The shares were sold at an average price of $45.49, for a total value of $36,392.00.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRA opened at $45.14 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.64 and a quick ratio of 0.64. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $50.50. The firm has a market capitalization of $2.83 billion, a PE ratio of -128.97 and a beta of 0.65. The business’s 50 day moving average price is $46.59 and its 200-day moving average price is $45.54.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. Atlanta Braves had a negative return on equity of 3.98% and a negative net margin of 2.99%.The company had revenue of $312.44 million for the quarter, compared to analyst estimates of $295.86 million. As a group, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup started coverage on shares of Atlanta Braves in a research note on Friday, June 13th. They set a “neutral” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.50.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Atlanta Braves by 1,873.1% during the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 487 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Atlanta Braves during the 2nd quarter worth approximately $32,000. Nisa Investment Advisors LLC raised its position in shares of Atlanta Braves by 48.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock valued at $50,000 after buying an additional 329 shares during the period. GAMMA Investing LLC lifted its holdings in Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 242 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Atlanta Braves in the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Atlanta Braves Company Profile

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.