Gamco Investors, Inc. Et Al Sells 800 Shares of Atlanta Braves (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $45.41, for a total value of $36,328.00. Following the sale, the insider directly owned 1,000 shares in the company, valued at $45,410. The trade was a 44.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Friday, September 26th, Gamco Investors, Inc. Et Al sold 500 shares of Atlanta Braves stock. The stock was sold at an average price of $45.51, for a total value of $22,755.00.
• On Friday, September 19th, Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock. The shares were sold at an average price of $45.19, for a total transaction of $49,709.00.
• On Thursday, September 18th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The shares were sold at an average price of $45.49, for a total transaction of $36,392.00.

Atlanta Braves Price Performance

NASDAQ:BATRA opened at $45.30 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50-day moving average of $46.86 and a 200-day moving average of $45.51. Atlanta Braves Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $50.50. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -129.43 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. The firm had revenue of $312.44 million during the quarter, compared to analyst estimates of $295.86 million. Atlanta Braves had a negative net margin of 2.99% and a negative return on equity of 3.98%. As a group, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup initiated coverage on Atlanta Braves in a research note on Friday, June 13th. They issued a “neutral” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.

Institutional Trading of Atlanta Braves

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Atlanta Braves by 1,873.1% in the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 487 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Atlanta Braves during the 2nd quarter valued at $32,000. Nisa Investment Advisors LLC raised its position in Atlanta Braves by 48.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 329 shares during the last quarter. GAMMA Investing LLC boosted its stake in Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 242 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Atlanta Braves during the fourth quarter worth $59,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

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.