Mario J. Gabelli Acquires 451 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Mario J. Gabelli purchased 451 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $43.45 per share, for a total transaction of $19,595.95. Following the completion of the transaction, the insider now owns 25,603 shares in the company, valued at approximately $1,112,450.35. This represents a 1.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of BATRA opened at $43.33 on Friday. 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 business’s 50 day moving average price is $43.23 and its 200-day moving average price is $42.45. Atlanta Braves Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $46.65. The stock has a market cap of $2.68 billion, a P/E ratio of -59.36 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.28. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The firm had revenue of $47.21 million for the quarter, compared to analysts’ expectations of $36.87 million. Equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 234 shares during the last quarter. GAMMA Investing LLC raised its holdings in Atlanta Braves by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 242 shares during the last quarter. Pacific Global Investment Management Co. raised its holdings in Atlanta Braves by 5.1% in the 4th quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 249 shares during the last quarter. MAI Capital Management raised its holdings in Atlanta Braves by 5.4% in the 1st quarter. MAI Capital Management now owns 5,384 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 275 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in Atlanta Braves by 2.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider’s stock worth $746,000 after acquiring an additional 400 shares during the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.