Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,261,191 shares of the financial services provider's stock after acquiring an additional 21,955 shares during the quarter. Atlanta Braves makes up about 1.0% of Gamco Investors INC. ET AL's holdings, making the stock its 15th biggest holding. Gamco Investors INC. ET AL owned about 3.65% of Atlanta Braves worth $92,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BATRA. Pacific Global Investment Management Co. increased its stake in Atlanta Braves by 5.1% in the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock valued at $210,000 after purchasing an additional 249 shares during the last quarter. MRP Capital Investments LLC raised its stake in Atlanta Braves by 3.4% during the 4th quarter. MRP Capital Investments LLC now owns 24,375 shares of the financial services provider's stock worth $994,000 after acquiring an additional 800 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Atlanta Braves by 157.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 914 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Atlanta Braves by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider's stock valued at $192,000 after purchasing an additional 959 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Atlanta Braves during the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 12.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Atlanta Braves news, major shareholder John C. Malone purchased 5,094 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the purchase, the insider now directly owns 169,522 shares in the company, valued at $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders bought 159,193 shares of company stock worth $6,586,038. 4.83% of the stock is owned by insiders.

Atlanta Braves Stock Performance

Shares of BATRA traded up $0.60 during mid-day trading on Friday, hitting $42.56. 57,162 shares of the company's stock were exchanged, compared to its average volume of 42,074. The firm has a market capitalization of $2.63 billion, a P/E ratio of -58.30 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $46.65. The business's 50 day moving average is $42.98 and its two-hundred day moving average is $42.23. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

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.