Gabelli Funds LLC Has $34.62 Million Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Gabelli Funds LLC raised its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 837,521 shares of the financial services provider’s stock after purchasing an additional 6,321 shares during the period. Gabelli Funds LLC owned approximately 1.35% of Atlanta Braves worth $34,615,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Chickasaw Capital Management LLC increased its position in Atlanta Braves by 2.9% during the 1st quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock worth $2,719,000 after purchasing an additional 1,825 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Atlanta Braves during the first quarter worth $692,000. Nisa Investment Advisors LLC lifted its stake in shares of Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 600 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Atlanta Braves by 13.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,224 shares of the financial services provider’s stock worth $1,456,000 after acquiring an additional 4,071 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Insider Transactions at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the acquisition, the insider now directly owns 7,550 shares in the company, valued at $301,698. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.83% of the stock is currently owned by corporate insiders.

Atlanta Braves Stock Performance

Shares of BATRA stock opened at $43.52 on Friday. The business’s 50-day moving average price is $44.84 and its 200-day moving average price is $42.64. Atlanta Braves Holdings, Inc. has a 12 month low of $36.78 and a 12 month high of $46.65. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -21.76 and a beta of 0.90.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same period last year, the company earned ($0.55) earnings per share. Equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current year.

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.