Gamco Investors INC. ET AL Acquires 21,659 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Gamco Investors INC. ET AL raised its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,457,676 shares of the financial services provider’s stock after buying an additional 21,659 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Atlanta Braves were worth $55,771,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves during the fourth quarter valued at approximately $6,736,000. Thompson Siegel & Walmsley LLC raised its stake in shares of Atlanta Braves by 85.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock valued at $10,075,000 after buying an additional 121,360 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after acquiring an additional 92,248 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Atlanta Braves in the fourth quarter worth about $3,324,000. Finally, Barclays PLC lifted its stake in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after purchasing an additional 50,702 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 44,258 shares of the company’s stock in a transaction on Thursday, April 10th. The stock was bought at an average price of $41.80 per share, for a total transaction of $1,849,984.40. Following the transaction, the insider now owns 330,870 shares of the company’s stock, valued at approximately $13,830,366. The trade was a 15.44 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 130,402 shares of company stock worth $5,379,118 over the last 90 days. 11.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Atlanta Braves Trading Down 0.2 %

Shares of Atlanta Braves stock opened at $37.84 on Tuesday. The stock has a market capitalization of $1.94 billion, a price-to-earnings 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’s 50-day moving average price is $39.27 and its two-hundred day moving average price is $39.29.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

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.