Insider Selling: Atlanta Braves (NASDAQ:BATRK) Major Shareholder Sells $22,675.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $45.35, for a total value of $22,675.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $45.51, for a total value of $22,755.00.
• On Thursday, September 25th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The shares were sold at an average price of $45.41, for a total value of $36,328.00.
• 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 value 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 value of $36,392.00.

Atlanta Braves Trading Up 0.0%

Shares of NASDAQ BATRK opened at $41.02 on Friday. The stock has a fifty day simple moving average of $43.28 and a two-hundred day simple moving average of $42.27. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -117.20 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.18). The business had revenue of $312.44 million during the quarter, compared to analyst estimates of $296.36 million. Analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Aristeia Capital L.L.C. increased its holdings in Atlanta Braves by 2.3% during the 1st quarter. Aristeia Capital L.L.C. now owns 2,470,052 shares of the financial services provider’s stock valued at $98,827,000 after purchasing an additional 55,690 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Atlanta Braves by 8.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,829,000 shares of the financial services provider’s stock worth $73,179,000 after purchasing an additional 138,111 shares in the last quarter. Broad Bay Capital Management LP boosted its position in shares of Atlanta Braves by 24.3% in the 1st quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider’s stock worth $69,333,000 after purchasing an additional 338,655 shares in the last quarter. Gabelli Funds LLC raised its holdings in Atlanta Braves by 3.7% in the 1st quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider’s stock worth $58,946,000 after acquiring an additional 52,777 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Atlanta Braves by 1.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,452,088 shares of the financial services provider’s stock worth $67,914,000 after acquiring an additional 16,663 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Rosenblatt Securities raised their price target on Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, June 20th. Citigroup raised Atlanta Braves to a “hold” rating and set a $45.00 price objective for the company in a research note on Friday, June 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

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.