Gabelli Funds LLC Grows Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Gabelli Funds LLC lifted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,365,883 shares of the financial services provider’s stock after acquiring an additional 42,617 shares during the quarter. Gabelli Funds LLC owned 2.70% of Atlanta Braves worth $53,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BATRK. Victory Capital Management Inc. bought a new position in shares of Atlanta Braves during the fourth quarter valued at approximately $308,000. Charles Schwab Investment Management Inc. increased its position in Atlanta Braves by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 405,334 shares of the financial services provider’s stock worth $16,043,000 after buying an additional 4,203 shares during the period. Principal Financial Group Inc. lifted its stake in Atlanta Braves by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 160,536 shares of the financial services provider’s stock valued at $6,354,000 after buying an additional 5,571 shares during the last quarter. UBS Group AG grew its position in shares of Atlanta Braves by 8.9% during the fourth quarter. UBS Group AG now owns 488,850 shares of the financial services provider’s stock worth $19,349,000 after acquiring an additional 39,899 shares during the last quarter. Finally, Commerce Bank acquired a new stake in shares of Atlanta Braves in the 4th quarter worth about $319,000. 64.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were purchased at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the transaction, the insider now owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.43% of the company’s stock.

Atlanta Braves Price Performance

Atlanta Braves stock opened at $41.25 on Friday. Atlanta Braves Holdings, Inc. has a 12-month low of $33.95 and a 12-month high of $44.42. The stock has a market capitalization of $2.09 billion, a PE ratio of -20.63 and a beta of 0.72. The firm has a 50 day simple moving average of $42.25 and a 200-day simple moving average of $40.09.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same quarter last year, the business posted ($0.55) earnings per share. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities lowered their target price on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

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.