GABELLI & Co INVESTMENT ADVISERS INC. Increases Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) by 61.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,300 shares of the financial services provider's stock after buying an additional 10,000 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.'s holdings in Atlanta Braves were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BATRA. Gamco Investors INC. ET AL increased its stake in shares of Atlanta Braves by 1.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider's stock worth $92,257,000 after purchasing an additional 21,955 shares in the last quarter. Barclays PLC lifted its holdings in Atlanta Braves by 9.7% in the 4th quarter. Barclays PLC now owns 17,734 shares of the financial services provider's stock worth $723,000 after purchasing an additional 1,562 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Atlanta Braves during the fourth quarter valued at $394,000. Renaissance Technologies LLC increased its holdings in shares of Atlanta Braves by 7.7% in the fourth quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock worth $11,595,000 after purchasing an additional 20,200 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Atlanta Braves by 69.0% in the 4th quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider's stock worth $2,039,000 after acquiring an additional 20,399 shares during the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Trading Up 1.4 %

Atlanta Braves stock traded up $0.60 during trading hours on Friday, hitting $42.56. The company had a trading volume of 57,162 shares, compared to its average volume of 42,097. The company has a 50-day moving average price of $42.98 and a two-hundred day moving average price of $42.23. The firm has a market cap of $2.63 billion, a P/E ratio of -58.30 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $46.65. 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 posted its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, major shareholder John C. Malone bought 15,192 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were bought at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the transaction, the insider now directly owns 146,020 shares in the company, valued at $5,931,332.40. This trade represents a 11.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have acquired 159,193 shares of company stock worth $6,586,038. 4.83% of the stock is owned by corporate insiders.

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.