Gabelli Funds LLC Has $53.87 Million Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Gabelli Funds LLC increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,365,883 shares of the financial services provider’s stock after buying an additional 42,617 shares during the quarter. Gabelli Funds LLC’s holdings in Atlanta Braves were worth $53,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Breach Inlet Capital Management LLC purchased a new stake in shares of Atlanta Braves during the 4th quarter worth about $15,556,000. Freshford Capital Management LLC lifted its stake in Atlanta Braves by 84.9% in the fourth quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider’s stock valued at $30,174,000 after acquiring an additional 350,000 shares during the last quarter. Broad Bay Capital Management LP grew its position in Atlanta Braves by 17.4% in the fourth quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock worth $80,102,000 after acquiring an additional 300,000 shares in the last quarter. Schwartz Investment Counsel Inc. raised its holdings in shares of Atlanta Braves by 54.6% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider’s stock valued at $21,387,000 after purchasing an additional 191,478 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Atlanta Braves by 289.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 178,300 shares of the financial services provider’s stock valued at $7,032,000 after purchasing an additional 132,520 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was acquired at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the purchase, the insider now owns 7,550 shares of the company’s stock, valued at approximately $301,698. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Down 0.9 %

Shares of BATRK stock opened at $41.25 on Friday. The business’s 50 day moving average is $42.25 and its two-hundred day moving average is $40.09. Atlanta Braves Holdings, Inc. has a 12 month low of $33.95 and a 12 month high of $44.42. The company has a market cap of $2.09 billion, a PE ratio of -20.63 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same quarter last year, the firm earned ($0.55) earnings per share. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Rosenblatt Securities cut their target price on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

Atlanta Braves Profile

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.