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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder Mario J. Gabelli bought 451 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $43.45 per share, with a total value of $19,595.95. Following the transaction, the insider now owns 25,603 shares in the company, valued at approximately $1,112,450.35. This represents a 1.79% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Atlanta Braves Price Performance

NASDAQ:BATRK traded down $0.03 during midday trading on Friday, reaching $40.56. 188,802 shares of the company traded hands, compared to its average volume of 281,628. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -55.56 and a beta of 0.56. The company has a fifty day moving average price of $39.56 and a 200 day moving average price of $39.27. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BATRK. T. Rowe Price Investment Management Inc. raised its stake in shares of Atlanta Braves by 256.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider's stock valued at $64,694,000 after purchasing an additional 1,215,948 shares in the last quarter. Wellington Management Group LLP increased its stake in Atlanta Braves by 105.9% during the 1st quarter. Wellington Management Group LLP now owns 1,348,113 shares of the financial services provider's stock valued at $53,938,000 after buying an additional 693,351 shares during the period. Aristeia Capital L.L.C. raised its position in shares of Atlanta Braves by 34.5% during the 4th quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock worth $92,373,000 after buying an additional 618,887 shares in the last quarter. Irenic Capital Management LP acquired a new stake in shares of Atlanta Braves in the 1st quarter worth approximately $15,794,000. Finally, Broad Bay Capital Management LP boosted its holdings in shares of Atlanta Braves by 24.3% in the first quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider's stock valued at $69,333,000 after acquiring an additional 338,655 shares in the last quarter. Institutional investors own 64.88% of the company's stock.

Analyst Ratings Changes

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

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.