Gamco Investors INC. ET AL Has $92.26 Million Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Gamco Investors INC. ET AL lifted its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,261,191 shares of the financial services provider's stock after acquiring an additional 21,955 shares during the quarter. Atlanta Braves makes up about 1.0% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 15th largest position. Gamco Investors INC. ET AL owned approximately 3.65% of Atlanta Braves worth $92,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Atlanta Braves by 24.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider's stock worth $650,000 after purchasing an additional 3,074 shares during the period. State Street Corp increased its stake in Atlanta Braves by 1.3% during the 3rd quarter. State Street Corp now owns 266,968 shares of the financial services provider's stock valued at $11,253,000 after purchasing an additional 3,432 shares in the last quarter. Barclays PLC lifted its position in shares of Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider's stock worth $681,000 after buying an additional 12,775 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Atlanta Braves by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider's stock worth $11,817,000 after purchasing an additional 3,798 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Atlanta Braves during the 3rd quarter valued at about $133,000. Institutional investors own 12.31% of the company's stock.

Insider Activity

In other news, major shareholder John C. Malone bought 25,182 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was bought at an average price of $41.91 per share, for a total transaction of $1,055,377.62. Following the transaction, the insider now owns 363,054 shares in the company, valued at $15,215,593.14. The trade was a 7.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders bought 159,193 shares of company stock valued at $6,586,038. Insiders own 4.83% of the company's stock.

Atlanta Braves Trading Up 1.4 %

NASDAQ BATRA traded up $0.60 during trading on Friday, hitting $42.56. The stock had a trading volume of 57,162 shares, compared to its average volume of 42,097. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -58.30 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $46.65. The stock has a 50 day simple moving average of $43.00 and a 200 day simple moving average of $42.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.78) by $0.47. The company had revenue of $52.12 million during the quarter, compared to analysts' expectations of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. Sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Atlanta Braves in a research report on Thursday, February 27th.

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.