Mario J. Gabelli Purchases 1,549 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder Mario J. Gabelli acquired 1,549 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average price of $43.45 per share, with a total value of $67,304.05. Following the completion of the transaction, the insider now owns 27,152 shares in the company, valued at $1,179,754.40. The trade was a 6.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of BATRK stock traded down $0.47 on Tuesday, hitting $40.39. The company had a trading volume of 243,131 shares, compared to its average volume of 281,438. The firm has a market cap of $2.07 billion, a P/E ratio of -55.33 and a beta of 0.56. The stock's 50-day moving average is $39.58 and its two-hundred day moving average is $39.27. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Atlanta Braves by 3.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider's stock valued at $301,000 after purchasing an additional 266 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Atlanta Braves by 4.9% in the fourth quarter. Stifel Financial Corp now owns 6,007 shares of the financial services provider's stock valued at $230,000 after purchasing an additional 280 shares in the last quarter. CWM LLC lifted its holdings in shares of Atlanta Braves by 56.4% in the first quarter. CWM LLC now owns 824 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 297 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Atlanta Braves by 10.4% in the first quarter. US Bancorp DE now owns 3,160 shares of the financial services provider's stock valued at $126,000 after purchasing an additional 298 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Atlanta Braves by 4.1% in the fourth quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 64.88% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

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.