Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Gamco Investors, Inc. Et Al Purchases 300 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder Gamco Investors, Inc. Et Al acquired 300 shares of Atlanta Braves stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of $41.50 per share, for a total transaction of $12,450.00. Following the completion of the purchase, the insider now directly owns 2,800 shares of the company’s stock, valued at approximately $116,200. This represents a 12.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of 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 has a market cap of $2.05 billion, a price-to-earnings ratio of -55.14 and a beta of 0.70. The business’s fifty day moving average is $40.25 and its 200-day moving average is $40.66.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BATRK. Wealth Enhancement Advisory Services LLC grew its stake in shares of Atlanta Braves by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider’s stock worth $528,000 after buying an additional 341 shares during the last quarter. Delphi Management Inc. MA grew its position in Atlanta Braves by 0.8% during the 2nd quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock worth $1,863,000 after acquiring an additional 388 shares during the last quarter. FMR LLC raised its position in Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 444 shares during the last quarter. Quarry LP boosted its stake in shares of Atlanta Braves by 0.9% during the third quarter. Quarry LP now owns 51,562 shares of the financial services provider’s stock valued at $2,052,000 after purchasing an additional 456 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in shares of Atlanta Braves by 3.4% during the third quarter. Diversify Advisory Services LLC now owns 15,052 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 489 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reduced their price target on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock 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.