Gabelli Funds LLC Buys 6,375 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Gabelli Funds LLC lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,420,494 shares of the financial services provider’s stock after purchasing an additional 6,375 shares during the period. Gabelli Funds LLC owned 2.79% of Atlanta Braves worth $54,348,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 444 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Atlanta Braves during the 3rd quarter valued at $205,000. Barclays PLC lifted its position in shares of Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after acquiring an additional 50,702 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Atlanta Braves in the third quarter worth $507,000. Finally, JPMorgan Chase & Co. grew its position in shares of Atlanta Braves by 123.0% in the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Atlanta Braves to a “sell” rating in a research note on Friday, February 28th.

Atlanta Braves Price Performance

BATRK opened at $37.84 on Tuesday. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43. The firm has a market capitalization of $1.94 billion, a P/E ratio of -51.84 and a beta of 0.56. The company has a fifty day moving average price of $39.27 and a 200-day moving average price of $39.29.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. On average, analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder John C. Malone acquired 44,258 shares of the firm’s stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average cost of $41.80 per share, with a total value of $1,849,984.40. Following the acquisition, the insider now owns 330,870 shares in the company, valued at approximately $13,830,366. This represents a 15.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 130,402 shares of company stock valued at $5,379,118 in the last quarter. Corporate insiders own 11.43% of the company’s stock.

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.