Gamco Investors INC. ET AL Has $67.91 Million Holdings in Atlanta Braves Holdings, Inc. $BATRK

Gamco Investors INC. ET AL grew its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,452,088 shares of the financial services provider’s stock after purchasing an additional 16,663 shares during the period. Atlanta Braves accounts for about 0.7% of Gamco Investors INC. ET AL’s portfolio, making the stock its 25th largest holding. Gamco Investors INC. ET AL’s holdings in Atlanta Braves were worth $67,914,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BATRK. Elgethun Capital Management grew its holdings in Atlanta Braves by 6.8% in the 2nd quarter. Elgethun Capital Management now owns 145,531 shares of the financial services provider’s stock valued at $6,806,000 after buying an additional 9,250 shares in the last quarter. Parthenon LLC boosted its position in shares of Atlanta Braves by 83.1% in the second quarter. Parthenon LLC now owns 158,295 shares of the financial services provider’s stock valued at $7,403,000 after acquiring an additional 71,855 shares during the period. Gabelli Funds LLC grew its stake in shares of Atlanta Braves by 3.7% in the first quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider’s stock valued at $58,946,000 after acquiring an additional 52,777 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Atlanta Braves in the second quarter valued at about $288,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Atlanta Braves during the second quarter worth about $3,273,000. Institutional investors own 64.88% of the company’s stock.

Wall Street Analysts Forecast Growth

BATRK has been the subject of a number of recent research reports. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, December 1st. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $69.00 target price on shares of Atlanta Braves in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Atlanta Braves presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone bought 4,631 shares of the stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $41.99 per share, with a total value of $194,455.69. Following the completion of the purchase, the insider owned 484,603 shares in the company, valued at $20,348,479.97. The trade was a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $45.41, for a total transaction of $36,328.00. Following the completion of the sale, the insider owned 1,000 shares in the company, valued at approximately $45,410. The trade was a 44.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders purchased 67,236 shares of company stock worth $2,822,097 and sold 3,700 shares worth $167,859. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK opened at $38.64 on Friday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $47.18. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -965.76 and a beta of 0.62. The company’s 50 day simple moving average is $39.60 and its 200 day simple moving average is $42.33.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.23. The business had revenue of $311.54 million during the quarter, compared to analyst estimates of $309.06 million. As a group, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Atlanta Braves 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.