Atlanta Braves (NASDAQ:BATRK) Major Shareholder Gamco Investors, Inc. Et Al Sells 500 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of Atlanta Braves stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $45.35, for a total value of $22,675.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 stock was 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 transaction of $36,328.00.
• On Friday, September 19th, Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock. The shares were sold at an average price of $45.19, for a total transaction 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 transaction of $36,392.00.

Atlanta Braves Stock Performance

NASDAQ BATRK opened at $41.59 on Wednesday. The firm’s 50 day moving average price is $43.50 and its two-hundred day moving average price is $42.27. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $47.18. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -118.83 and a beta of 0.67.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.18). The firm had revenue of $312.44 million during the quarter, compared to analyst estimates of $296.36 million. On average, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in shares of Atlanta Braves by 56.4% in the first quarter. CWM LLC now owns 824 shares of the financial services provider’s stock worth $33,000 after buying an additional 297 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Atlanta Braves by 956.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 631 shares in the last quarter. Comerica Bank lifted its holdings in Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 319 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Atlanta Braves during the second quarter worth approximately $45,000. Finally, Summit Securities Group LLC acquired a new position in Atlanta Braves during the first quarter valued at approximately $60,000. 64.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on BATRK. Rosenblatt Securities increased their target price on shares of Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Citigroup upgraded Atlanta Braves to a “hold” rating and set a $45.00 price objective for the company in a report on Friday, June 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

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.