Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stake Boosted by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,457,676 shares of the financial services provider’s stock after purchasing an additional 21,659 shares during the period. Gamco Investors INC. ET AL owned 2.87% of Atlanta Braves worth $55,771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BATRK. Steward Partners Investment Advisory LLC lifted its position in Atlanta Braves by 3.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 266 shares during the last quarter. LPL Financial LLC grew its holdings in Atlanta Braves by 4.1% in the 4th quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider’s stock worth $290,000 after buying an additional 302 shares in the last quarter. US Bancorp DE increased its position in Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 430 shares during the period. FMR LLC boosted its position in Atlanta Braves by 2.1% during the 3rd quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 444 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 463 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone acquired 15,192 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the acquisition, the insider now owns 146,020 shares of the company’s stock, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased 130,402 shares of company stock valued at $5,379,118 in the last quarter. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Price Performance

NASDAQ BATRK opened at $37.84 on Tuesday. The company has a market capitalization of $1.94 billion, a P/E ratio of -51.84 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The company’s 50 day simple moving average is $39.27 and its 200 day simple moving average is $39.29.

Atlanta Braves (NASDAQ:BATRK) last released 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 firm had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Atlanta Braves to a “sell” rating in a research note on Friday, February 28th.

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.