Gamco Investors INC. ET AL Has $57.64 Million Position in Atlanta Braves Holdings, Inc. $BATRK

Gamco Investors INC. ET AL lessened its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,385,803 shares of the financial services provider’s stock after selling 66,285 shares during the period. Gamco Investors INC. ET AL owned 2.68% of Atlanta Braves worth $57,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Atlanta Braves by 5.0% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 128,318 shares of the financial services provider’s stock valued at $5,337,000 after purchasing an additional 6,075 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Atlanta Braves by 4.9% during the 3rd quarter. Intech Investment Management LLC now owns 20,503 shares of the financial services provider’s stock worth $853,000 after buying an additional 949 shares during the last quarter. US Bancorp DE lifted its stake in shares of Atlanta Braves by 14.3% during the 3rd quarter. US Bancorp DE now owns 3,336 shares of the financial services provider’s stock worth $139,000 after buying an additional 417 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Atlanta Braves during the 3rd quarter worth about $483,000. Finally, Highbridge Capital Management LLC grew its stake in Atlanta Braves by 34.9% in the 3rd quarter. Highbridge Capital Management LLC now owns 393,633 shares of the financial services provider’s stock valued at $16,371,000 after buying an additional 101,765 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 35,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the completion of the transaction, the insider owned 521,862 shares in the company, valued at approximately $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Performance

BATRK stock opened at $43.74 on Friday. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $47.18. The company has a market capitalization of $2.30 billion, a PE ratio of -112.15 and a beta of 0.55. The company’s 50-day simple moving average is $41.01 and its 200 day simple moving average is $40.73.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.38. The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $54.93 million. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BATRK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, December 29th. Zacks Research upgraded Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Thursday. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $69.00 price target on shares of Atlanta Braves in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Atlanta Braves currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.