GABELLI & Co INVESTMENT ADVISERS INC. Purchases 10,000 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 61.3% during the 4th quarter, HoldingsChannel reports. The firm owned 26,300 shares of the financial services provider’s stock after acquiring an additional 10,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Atlanta Braves were worth $1,073,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BATRA. KLP Kapitalforvaltning AS bought a new position in Atlanta Braves in the 4th quarter worth about $53,000. PNC Financial Services Group Inc. increased its holdings in Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after buying an additional 914 shares in the last quarter. R Squared Ltd purchased a new position in Atlanta Braves in the 4th quarter worth about $96,000. Wilmington Savings Fund Society FSB bought a new position in Atlanta Braves during the 3rd quarter valued at about $133,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Atlanta Braves by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 959 shares during the last quarter. Institutional investors own 12.31% of the company’s stock.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone purchased 5,094 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the purchase, the insider now directly owns 169,522 shares in the company, valued at $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired a total of 130,402 shares of company stock valued at $5,379,118 over the last ninety days. 4.83% of the stock is currently owned by company insiders.

Atlanta Braves Trading Down 0.1 %

NASDAQ:BATRA opened at $42.07 on Tuesday. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -57.63 and a beta of 0.61. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The business has a fifty day moving average price of $43.09 and a 200-day moving average price of $42.23. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $46.65.

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

Analyst Ratings Changes

Separately, Benchmark reissued 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.