GAMMA Investing LLC Increases Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

GAMMA Investing LLC grew its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 9,017.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,482 shares of the financial services provider's stock after purchasing an additional 9,378 shares during the period. GAMMA Investing LLC's holdings in Atlanta Braves were worth $3,790,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BATRK. Versant Capital Management Inc raised its stake in Atlanta Braves by 335.7% during the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,400 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of Atlanta Braves by 31.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 16,562 shares of the financial services provider's stock valued at $663,000 after purchasing an additional 3,997 shares during the period. Wellington Management Group LLP boosted its stake in Atlanta Braves by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider's stock valued at $25,051,000 after buying an additional 19,718 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Atlanta Braves by 8.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,966 shares of the financial services provider's stock worth $228,000 after purchasing an additional 472 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Atlanta Braves by 15.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,155 shares of the financial services provider's stock valued at $5,171,000 after acquiring an additional 18,501 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, EVP Deretta C. Rhodes sold 767 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.97, for a total transaction of $31,423.99. Following the completion of the sale, the executive vice president now owns 3,112 shares in the company, valued at approximately $127,498.64. The trade was a 19.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder John C. Malone purchased 44,258 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were purchased at an average price of $41.80 per share, for a total transaction of $1,849,984.40. Following the completion of the acquisition, the insider now owns 330,870 shares of the company's stock, valued at $13,830,366. The trade was a 15.44% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 121,872 shares of company stock valued at $5,043,730 in the last three months. Corporate insiders own 11.43% of the company's stock.

Atlanta Braves Trading Down 1.2%

Atlanta Braves stock traded down $0.54 during mid-day trading on Thursday, hitting $43.16. The stock had a trading volume of 237,055 shares, compared to its average volume of 285,235. The stock has a market capitalization of $2.21 billion, a PE ratio of -59.12 and a beta of 0.54. The stock has a 50-day simple moving average of $39.82 and a two-hundred day simple moving average of $39.35. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The firm had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. Sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

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.

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.