Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,300 shares of the financial services provider's stock after acquiring an additional 10,000 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.'s holdings in Atlanta Braves were worth $1,073,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its holdings in shares of Atlanta Braves by 1.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider's stock valued at $92,257,000 after purchasing an additional 21,955 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Atlanta Braves by 7.7% during the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock valued at $11,595,000 after acquiring an additional 20,200 shares during the period. Geode Capital Management LLC boosted its stake in shares of Atlanta Braves by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider's stock worth $11,817,000 after acquiring an additional 3,798 shares in the last quarter. State Street Corp grew its holdings in shares of Atlanta Braves by 1.3% in the 3rd quarter. State Street Corp now owns 266,968 shares of the financial services provider's stock worth $11,253,000 after acquiring an additional 3,432 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Atlanta Braves by 69.0% in the 4th quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider's stock valued at $2,039,000 after purchasing an additional 20,399 shares in the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 5,094 shares of Atlanta Braves 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 transaction, the insider now owns 169,522 shares of the company's stock, valued at $7,109,752.68. This represents a 3.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 159,193 shares of company stock valued at $6,586,038. Company insiders own 4.83% of the company's stock.

Wall Street Analyst Weigh In

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

Atlanta Braves Price Performance

Shares of Atlanta Braves stock traded up $0.60 during trading on Friday, hitting $42.56. 57,162 shares of the company were exchanged, compared to its average volume of 42,074. The firm has a 50 day moving average price of $42.98 and a 200 day moving average price of $42.23. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -58.30 and a beta of 0.61. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $46.65.

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