Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Purchases $67,304.05 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder Mario J. Gabelli purchased 1,549 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was bought at an average cost of $43.45 per share, with a total value of $67,304.05. Following the acquisition, the insider now owns 27,152 shares of the company's stock, valued at approximately $1,179,754.40. The trade was a 6.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Atlanta Braves Stock Down 0.1%

NASDAQ:BATRK traded down $0.03 on Friday, hitting $40.56. The stock had a trading volume of 188,802 shares, compared to its average volume of 281,628. The company has a fifty day moving average price of $39.56 and a two-hundred day moving average price of $39.27. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.43. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -55.56 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.28. The firm had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. As a group, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently modified their holdings of the business. CWM LLC lifted its position in 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 buying an additional 297 shares during the last quarter. Comerica Bank raised its stake in shares of Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 319 shares during the period. Federated Hermes Inc. acquired a new position in shares of Atlanta Braves in the 4th quarter worth approximately $40,000. R Squared Ltd purchased a new position in shares of Atlanta Braves during the 4th quarter worth approximately $41,000. Finally, Summit Securities Group LLC acquired a new stake in Atlanta Braves in the 1st quarter valued at approximately $60,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

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.