Gamco Investors INC. ET AL Has $97.92 Million Holdings in Atlanta Braves Holdings, Inc. $BATRA

Gamco Investors INC. ET AL trimmed its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,153,509 shares of the financial services provider’s stock after selling 91,538 shares during the quarter. Atlanta Braves makes up about 0.9% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 15th largest holding. Gamco Investors INC. ET AL owned approximately 3.43% of Atlanta Braves worth $97,920,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Atlanta Braves by 1,873.1% in the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after buying an additional 487 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Atlanta Braves by 44.4% in the third quarter. Ameritas Advisory Services LLC now owns 950 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 292 shares during the last quarter. Jones Financial Companies Lllp grew its position in Atlanta Braves by 47.7% in the third quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 398 shares in the last quarter. State of Wyoming acquired a new position in shares of Atlanta Braves during the 2nd quarter worth $70,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Atlanta Braves by 35.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,774 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Trading Down 0.5%

Shares of BATRA stock opened at $48.46 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $50.50. The company has a market cap of $3.05 billion, a PE ratio of -124.25 and a beta of 0.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $44.87 and its two-hundred day moving average is $44.33.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.46. The business had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $54.93 million. Atlanta Braves had a negative net margin of 3.19% and a positive return on equity of 0.08%. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

BATRA has been the subject of several analyst reports. Zacks Research raised shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.00.

Insiders Place Their Bets

In other news, major shareholder John C. Malone bought 35,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the transaction, the insider directly owned 521,862 shares in the company, valued at approximately $23,081,956.26. The trade was a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.90% of the stock is currently owned by corporate insiders.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.