Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys 451 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) major shareholder Mario J. Gabelli purchased 451 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $43.45 per share, for a total transaction of $19,595.95. Following the transaction, the insider now owns 25,603 shares of the company's stock, valued at $1,112,450.35. The trade was a 1.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Atlanta Braves Trading Down 0.5%

Shares of NASDAQ:BATRA traded down $0.21 during midday trading on Friday, reaching $43.33. The company had a trading volume of 59,558 shares, compared to its average volume of 44,226. The company has a fifty day simple moving average of $43.23 and a two-hundred day simple moving average of $42.45. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -59.36 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $46.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share 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 the consensus estimate of $36.87 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors and hedge funds have recently added to or reduced their stakes in BATRA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Atlanta Braves by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 234 shares during the period. GAMMA Investing LLC increased its stake in 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 buying an additional 242 shares during the period. Pacific Global Investment Management Co. increased its stake in Atlanta Braves by 5.1% in the 4th quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock valued at $210,000 after buying an additional 249 shares during the period. MAI Capital Management lifted its position in Atlanta Braves by 5.4% in the 1st quarter. MAI Capital Management now owns 5,384 shares of the financial services provider's stock worth $236,000 after buying an additional 275 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Atlanta Braves by 2.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider's stock valued at $746,000 after acquiring an additional 400 shares in the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a "buy" rating and set a $60.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 27th.

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.