Insider Selling: Atlanta Braves (NASDAQ:BATRK) Major Shareholder Sells 500 Shares of Stock

Key Points

• Gamco Investors, Inc. Et Al has sold a total of 2,900 shares of Atlanta Braves (NASDAQ:BATRK) stock over several transactions, with the most recent sale of 500 shares occurring at an average price of $45.35.
• Atlanta Braves Holdings reported a loss of $0.18 per share compared to the consensus estimate of $0.64, despite achieving revenue of $312.44 million for the quarter.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average price target of $57.00.

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $45.35, for a total transaction of $22,675.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 stock was 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 stock was sold at an average price of $45.49, for a total transaction of $36,392.00.

Atlanta Braves Stock Performance

BATRK traded up $0.21 on Tuesday, hitting $41.59. 370,782 shares of the company were exchanged, compared to its average volume of 299,799. The business's fifty day moving average is $43.60 and its 200 day moving average is $42.27. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $47.18. The firm has a market capitalization of $2.61 billion, a P/E ratio of -118.83 and a beta of 0.67.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.18). The business had revenue of $312.44 million for the quarter, compared to the consensus estimate of $296.36 million. Analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

A number of large investors have recently bought and sold shares of BATRK. CWM LLC raised its stake in Atlanta Braves by 56.4% during the first quarter. CWM LLC now owns 824 shares of the financial services provider's stock worth $33,000 after purchasing an additional 297 shares during the period. EverSource Wealth Advisors LLC raised its stake in Atlanta Braves by 956.1% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider's stock worth $33,000 after purchasing an additional 631 shares during the period. Comerica Bank raised its stake in Atlanta Braves by 44.8% during the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider's stock worth $41,000 after purchasing an additional 319 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Atlanta Braves in the second quarter worth $45,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Atlanta Braves in the first quarter worth $60,000. Hedge funds and other institutional investors own 64.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BATRK. Citigroup upgraded shares of Atlanta Braves to a "hold" rating and set a $45.00 target price on the stock in a research report on Friday, June 13th. Rosenblatt Securities increased their price target on shares of Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a research report on Friday, June 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.00.

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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