Gamco Investors, Inc. Et Al Sells 800 Shares of Atlanta Braves (NASDAQ:BATRA) Stock

Key Points

• Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock (NASDAQ:BATRA) at an average price of $45.49, totaling $36,392.00, which decreased their position by 21.62%.
• The Atlanta Braves reported earnings per share of $0.46 for the last quarter, surpassing estimates and showing a revenue of $312.44 million.
• Analysts have a consensus rating of "Moderate Buy" for Atlanta Braves, with an average target price set at $52.50.

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the firm's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $45.49, for a total value of $36,392.00. Following the completion of the transaction, the insider owned 2,900 shares in the company, valued at $131,921. This represents a 21.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Friday, September 19th, Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock. The stock was sold at an average price of $45.19, for a total value of $49,709.00.

Atlanta Braves Trading Up 0.4%

Atlanta Braves stock traded up $0.17 during mid-day trading on Friday, hitting $45.61. 323,668 shares of the company's stock were exchanged, compared to its average volume of 31,631. The firm has a market capitalization of $2.86 billion, a P/E ratio of -130.31 and a beta of 0.68. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $50.50. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.31. The company's 50 day simple moving average is $47.27 and its 200-day simple moving average is $45.40.

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

Analysts Set New Price Targets

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

Institutional Trading of Atlanta Braves

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Atlanta Braves by 1,873.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 487 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Atlanta Braves in the 2nd quarter valued at about $32,000. Nisa Investment Advisors LLC raised its stake in shares of Atlanta Braves by 48.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 329 shares during the period. GAMMA Investing LLC raised its stake in shares of Atlanta Braves by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 242 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Atlanta Braves in the second quarter valued at about $70,000. Institutional investors and hedge funds own 12.31% of the company's stock.

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.