Gamco Investors INC. ET AL Has $94.77 Million Holdings in Atlanta Braves Holdings, Inc. $BATRA

Gamco Investors INC. ET AL boosted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,230,362 shares of the financial services provider’s stock after buying an additional 76,853 shares during the quarter. Atlanta Braves makes up 0.9% of Gamco Investors INC. ET AL’s holdings, making the stock its 15th largest holding. Gamco Investors INC. ET AL’s holdings in Atlanta Braves were worth $94,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Atlanta Braves during the 4th quarter worth $3,252,000. Gabelli Funds LLC lifted its holdings in shares of Atlanta Braves by 4.5% during the 3rd quarter. Gabelli Funds LLC now owns 864,316 shares of the financial services provider’s stock worth $39,300,000 after acquiring an additional 36,995 shares during the last quarter. MRP Capital Investments LLC bought a new stake in shares of Atlanta Braves during the 3rd quarter worth $988,000. Balyasny Asset Management L.P. bought a new stake in shares of Atlanta Braves during the 2nd quarter worth $1,516,000. Finally, Bank of America Corp DE lifted its holdings in shares of Atlanta Braves by 17.1% during the 2nd quarter. Bank of America Corp DE now owns 16,731 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 2,442 shares during the last quarter. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BATRA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, April 20th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $45.00.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA opened at $53.95 on Monday. The stock has a market cap of $3.39 billion, a PE ratio of -149.86 and a beta of 0.68. The company’s fifty day moving average is $50.24 and its 200 day moving average is $46.05. Atlanta Braves Holdings, Inc. has a 52 week low of $41.50 and a 52 week high of $56.06. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.09. The company had revenue of $72.01 million for the quarter, compared to analysts’ expectations of $68.69 million. Atlanta Braves had a negative net margin of 2.97% and a positive return on equity of 0.25%. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post 0.22 earnings per share for the current year.

Atlanta Braves Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.