Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Major Shareholder Acquires $12,450.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) major shareholder Gamco Investors, Inc. Et Al bought 300 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of $41.50 per share, with a total value of $12,450.00. Following the purchase, the insider now owns 2,800 shares of the company’s stock, valued at $116,200. This represents a 12.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK traded up $0.06 on Monday, reaching $40.25. The company’s stock had a trading volume of 373,719 shares, compared to its average volume of 234,332. Atlanta Braves Holdings, Inc. has a 52-week low of $35.42 and a 52-week high of $44.42. The company has a market cap of $2.05 billion, a P/E ratio of -55.64 and a beta of 0.70. The company has a 50-day simple moving average of $40.26 and a 200 day simple moving average of $40.66.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Atlanta Braves by 2.3% during 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 buying an additional 53,272 shares during the period. Gabelli Funds LLC grew its stake in shares of Atlanta Braves by 3.2% in the second quarter. Gabelli Funds LLC now owns 1,365,883 shares of the financial services provider’s stock worth $53,870,000 after acquiring an additional 42,617 shares in the last quarter. Aristeia Capital L.L.C. increased its position in shares of Atlanta Braves by 42.9% in the 2nd quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider’s stock valued at $52,119,000 after purchasing an additional 396,720 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Atlanta Braves by 3.3% in 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 in the last quarter. Finally, Schwartz Investment Counsel Inc. grew its holdings in shares of Atlanta Braves by 54.6% during the second quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider’s stock worth $21,387,000 after purchasing an additional 191,478 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analysts Set New Price Targets

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.

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.