Gamco Investors, Inc. Et Al Buys 300 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder Gamco Investors, Inc. Et Al acquired 300 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of $41.50 per share, with a total value of $12,450.00. Following the completion of the acquisition, the insider now directly owns 2,800 shares of the company’s stock, valued at $116,200. This trade represents a 12.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

NASDAQ:BATRK opened at $40.25 on Tuesday. Atlanta Braves Holdings, Inc. has a 52 week low of $35.42 and a 52 week high of $44.42. The firm’s fifty day moving average is $40.25 and its 200-day moving average is $40.66. The firm has a market cap of $2.05 billion, a P/E ratio of -55.14 and a beta of 0.70.

Institutional Trading of Atlanta Braves

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Atlanta Braves during the 2nd quarter valued at $1,177,000. Vanguard Group Inc. increased its stake in Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 2,342,671 shares of the financial services provider’s stock valued at $91,505,000 after purchasing an additional 53,272 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Atlanta Braves by 3.3% during the first quarter. Janus Henderson Group PLC now owns 661,845 shares of the financial services provider’s stock valued at $25,851,000 after purchasing an additional 21,053 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Atlanta Braves by 76.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock worth $12,554,000 after purchasing an additional 137,124 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Atlanta Braves by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 178,903 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 28,879 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities lowered their price objective on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

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.