Keeley Teton Advisors LLC Acquires 11,370 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Keeley Teton Advisors LLC lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,975 shares of the financial services provider’s stock after purchasing an additional 11,370 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Atlanta Braves were worth $2,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gabelli Funds LLC raised its holdings in Atlanta Braves by 0.5% during the 4th quarter. Gabelli Funds LLC now owns 1,420,494 shares of the financial services provider’s stock valued at $54,348,000 after acquiring an additional 6,375 shares during the period. Wellington Management Group LLP raised its position in shares of Atlanta Braves by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider’s stock worth $25,051,000 after acquiring an additional 19,718 shares in the last quarter. Breach Inlet Capital Management LLC raised its stake in Atlanta Braves by 10.3% during the fourth quarter. Breach Inlet Capital Management LLC now owns 519,378 shares of the financial services provider’s stock valued at $19,871,000 after buying an additional 48,414 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Atlanta Braves by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 433,466 shares of the financial services provider’s stock valued at $16,584,000 after buying an additional 4,072 shares during the last quarter. Finally, FIL Ltd boosted its stake in shares of Atlanta Braves by 5.0% during the 4th quarter. FIL Ltd now owns 418,090 shares of the financial services provider’s stock worth $15,996,000 after acquiring an additional 20,000 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder John C. Malone purchased 15,192 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $40.62 per share, with a total value of $617,099.04. Following the purchase, the insider now owns 146,020 shares in the company, valued at $5,931,332.40. This represents a 11.61 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 130,402 shares of company stock valued at $5,379,118. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Price Performance

Shares of BATRK opened at $37.84 on Tuesday. The stock has a market cap of $1.94 billion, a PE ratio of -51.84 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.43. The firm has a 50-day simple moving average of $39.27 and a two-hundred day simple moving average of $39.29.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Atlanta Braves to a “sell” rating in a report on Friday, February 28th.

Atlanta Braves 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.