Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Majority Shareholder Mario J. Gabelli Purchases 500 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Get Free Report) major shareholder Mario J. Gabelli purchased 500 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average price of $42.29 per share, for a total value of $21,145.00. Following the transaction, the insider now owns 24,800 shares of the company’s stock, valued at approximately $1,048,792. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders who own more than 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

Atlanta Braves up 0.3%

BATRK shares opened at $40.14 on Friday. The company has a 50-day price average of $39.11 and a 200-day price average of $39.16. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) last released its quarterly results on Wednesday, May 8th. The financial services provider reported earnings per share (EPS) of ($0.83) for the quarter, which was ($0.19) below the consensus estimate of ($0.64). The company had revenue of $37.08 million for the quarter, compared to analyst estimates of $39.63 million. As a group, sell-side analysts expect Atlanta Braves Holdings, Inc. to post EPS of -0.46 for the current year.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded the Atlanta Braves from a “c-” to a “d+” rating in a report on Tuesday, March 19th. One research analyst has given the stock a sell rating, one a hold rating and two a buy rating. The Atlanta Braves have an average rating of “hold” and an average price target of $45.00, according to data from MarketBeat.com.

Check out our latest Atlanta Braves report

Hedge Funds Weigh In on Atlanta Braves

A number of institutional investors and hedge funds have recently added to or reduced their holdings in the company. Moran Wealth Management LLC increased its holdings in shares of Atlanta Braves by 4.7% in the fourth quarter. Moran Wealth Management LLC now owns 6,394 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 287 shares during the period. Third Avenue Management LLC increased its position in Atlanta Braves by 1.2% in the fourth quarter. Third Avenue Management LLC now owns 26,000 shares of the financial services provider’s stock worth $1,029,000 after purchasing an additional 300 shares in the last quarter. Dfpg Investments LLC increased its holdings in Atlanta Braves by 4.4% in the fourth quarter. Dfpg Investments LLC now owns 10,435 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 441 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Atlanta Braves by 31.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 583 shares in the last quarter. Finally, Redmont Wealth Advisors LLC increased its stake in shares of Atlanta Braves by 4.2% in the first quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 614 shares in the last quarter. 64.88% of the shares are held by institutional investors.

About the Atlanta Braves

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Atlanta Braves Holdings, Inc. owns and operates the Atlanta Braves Major League Baseball team. It also operates mixed-use development projects, including retail, office, hospitality and entertainment projects. The company was incorporated in 2022 and is headquartered in Englewood, Colorado.