Gabelli Funds LLC Increases Stock Holdings in Atlanta Braves Holdings, Inc. $BATRA

Gabelli Funds LLC increased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 917,332 shares of the financial services provider’s stock after acquiring an additional 11,932 shares during the quarter. Gabelli Funds LLC owned about 1.46% of Atlanta Braves worth $43,252,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its holdings in Atlanta Braves by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,230,362 shares of the financial services provider’s stock worth $94,768,000 after acquiring an additional 76,853 shares during the period. Vanguard Group Inc. lifted its stake in Atlanta Braves by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock worth $31,172,000 after purchasing an additional 85,853 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Atlanta Braves by 490,606.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 245,353 shares of the financial services provider’s stock valued at $10,425,000 after purchasing an additional 245,303 shares during the period. Geode Capital Management LLC boosted its holdings in Atlanta Braves by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 231,809 shares of the financial services provider’s stock valued at $9,853,000 after purchasing an additional 2,655 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Atlanta Braves by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 221,916 shares of the financial services provider’s stock valued at $10,463,000 after purchasing an additional 11,392 shares during the period. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Atlanta Braves Stock Up 1.0%

BATRA stock opened at $55.04 on Friday. The company’s 50 day moving average is $55.19 and its 200 day moving average is $50.38. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of -152.89 and a beta of 0.63. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a 1-year low of $41.50 and a 1-year high of $58.37.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.09. Atlanta Braves had a negative net margin of 2.97% and a positive return on equity of 0.25%. The business had revenue of $72.01 million during the quarter, compared to analyst estimates of $68.69 million. Sell-side analysts predict that Atlanta Braves Holdings, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BATRA. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlanta Braves currently has an average rating of “Reduce”.

About Atlanta Braves

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.