Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Acquires $14,608.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder Mario J. Gabelli acquired 352 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was purchased at an average price of $41.50 per share, for a total transaction of $14,608.00. Following the completion of the transaction, the insider now directly owns 25,152 shares in the company, valued at approximately $1,043,808. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK opened at $41.07 on Friday. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -20.54 and a beta of 0.71. The company has a 50 day moving average of $41.19 and a 200-day moving average of $40.29. Atlanta Braves Holdings, Inc. has a one year low of $33.95 and a one year high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last released its 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 period in the prior year, the firm posted ($0.55) EPS. Equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Atlanta Braves

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in Atlanta Braves by 6.0% during the fourth quarter. Wellington Management Group LLP now owns 1,129,382 shares of the financial services provider’s stock valued at $44,701,000 after purchasing an additional 63,579 shares during the period. SageView Advisory Group LLC acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $206,000. Sage Investment Advisers LLC grew its holdings in shares of Atlanta Braves by 21.5% in the 1st quarter. Sage Investment Advisers LLC now owns 10,340 shares of the financial services provider’s stock valued at $404,000 after buying an additional 1,832 shares during the period. First Bank & Trust bought a new stake in shares of Atlanta Braves in the 1st quarter valued at $292,000. Finally, Redmont Wealth Advisors LLC raised its stake in Atlanta Braves by 4.2% during the 1st quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock worth $601,000 after buying an additional 614 shares during the period. 64.88% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Company 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.