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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder Mario J. Gabelli bought 451 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $43.45 per share, for a total transaction of $19,595.95. Following the purchase, the insider now directly owns 25,603 shares in the company, valued at approximately $1,112,450.35. This represents a 1.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

Shares of BATRK traded down $0.47 during mid-day trading on Tuesday, reaching $40.39. The stock had a trading volume of 243,131 shares, compared to its average volume of 281,438. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -55.33 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 business has a fifty day moving average of $39.58 and a 200 day moving average of $39.27.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. On average, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after purchasing an additional 50,702 shares in the last quarter. Magnetar Financial LLC raised its holdings in Atlanta Braves by 161.9% in the 4th quarter. Magnetar Financial LLC now owns 13,328 shares of the financial services provider's stock valued at $510,000 after buying an additional 8,239 shares during the period. Rhumbline Advisers raised its holdings in Atlanta Braves by 16.8% in the 4th quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock valued at $3,070,000 after buying an additional 11,554 shares during the period. BNP Paribas Financial Markets purchased a new stake in Atlanta Braves in the 4th quarter valued at about $721,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Atlanta Braves in the 4th quarter valued at about $337,000. 64.88% of the stock is currently owned by institutional investors.

About Atlanta Braves

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.