Gamco Investors, Inc. Et Al Sells 500 Shares of Atlanta Braves (NASDAQ:BATRA) Stock

Key Points

• Gamco Investors, Inc. sold a total of 500 shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) stock at an average price of $45.35, totaling $22,675.00, as disclosed in a recent SEC filing.
• Atlanta Braves Holdings, Inc. stocks saw a 0.4% decrease to $45.47, with a market cap of $2.85 billion and a negative P/E ratio of -129.91.
• Institutional investors showed increased interest in Atlanta Braves, with notable transactions such as EverSource Wealth Advisors increasing their stake by 1,873.1% during the second quarter.

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of Atlanta Braves stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $45.35, for a total transaction of $22,675.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Friday, September 26th, Gamco Investors, Inc. Et Al sold 500 shares of Atlanta Braves stock. The shares were sold at an average price of $45.51, for a total transaction of $22,755.00.
• On Thursday, September 25th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The shares were sold at an average price of $45.41, for a total transaction of $36,328.00.
• On Friday, September 19th, Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock. The shares were sold at an average price of $45.19, for a total transaction of $49,709.00.
• On Thursday, September 18th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The shares were sold at an average price of $45.49, for a total transaction of $36,392.00.

Atlanta Braves Stock Down 0.4%

BATRA traded down $0.19 during trading on Tuesday, reaching $45.47. The company had a trading volume of 29,960 shares, compared to its average volume of 53,740. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.64 and a quick ratio of 0.64. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $50.50. The business's fifty day moving average price is $46.78 and its 200 day moving average price is $45.54. The company has a market cap of $2.85 billion, a P/E ratio of -129.91 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.12. The firm had revenue of $312.44 million for the quarter, compared to analyst estimates of $295.86 million. Atlanta Braves had a negative net margin of 2.99% and a negative return on equity of 3.98%. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup started coverage on shares of Atlanta Braves in a research report on Friday, June 13th. They issued a "neutral" rating and a $45.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider's stock worth $25,000 after purchasing an additional 487 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Atlanta Braves during the 2nd quarter worth about $32,000. Nisa Investment Advisors LLC increased its stake in shares of Atlanta Braves by 48.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider's stock worth $50,000 after purchasing an additional 329 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Atlanta Braves by 25.1% during the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock worth $53,000 after purchasing an additional 242 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Atlanta Braves during the 4th quarter worth about $59,000. Institutional investors own 12.31% of the company's stock.

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.

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