Gamco Investors INC. ET AL Sells 91,538 Shares of Atlanta Braves Holdings, Inc. $BATRA

Gamco Investors INC. ET AL lowered its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 4.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,153,509 shares of the financial services provider’s stock after selling 91,538 shares during the quarter. Atlanta Braves accounts for about 0.9% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 15th largest position. Gamco Investors INC. ET AL’s holdings in Atlanta Braves were worth $97,920,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Wedbush Securities Inc. acquired a new position in shares of Atlanta Braves during the second quarter worth approximately $208,000. MRP Capital Investments LLC acquired a new stake in shares of Atlanta Braves in the third quarter worth $1,022,000. State of Wyoming bought a new position in Atlanta Braves during the second quarter worth $70,000. EverSource Wealth Advisors LLC increased its position in Atlanta Braves by 1,873.1% during the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 487 shares during the period. Finally, R Squared Ltd acquired a new position in Atlanta Braves during the 3rd quarter valued at $455,000. 12.31% of the stock is owned by institutional investors.

Atlanta Braves Stock Performance

BATRA opened at $48.46 on Friday. The stock has a market cap of $3.05 billion, a PE ratio of -124.25 and a beta of 0.55. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $50.50. The stock’s 50 day simple moving average is $44.87 and its 200-day simple moving average is $44.33.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.46. The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $54.93 million. Atlanta Braves had a positive return on equity of 0.08% and a negative net margin of 3.19%. Sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone acquired 35,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average price of $44.23 per share, for a total transaction of $1,548,050.00. Following the purchase, the insider owned 521,862 shares in the company, valued at $23,081,956.26. This represents a 7.19% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on BATRA. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Atlanta Braves has a consensus rating of “Hold” and an average target price of $45.00.

About Atlanta Braves

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on?field performance, the Braves operate a diversified sports and entertainment business.