Insider Buying: 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 acquired 300 shares of the stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $41.50 per share, for a total transaction of $12,450.00. Following the completion of the transaction, the insider now directly owns 2,800 shares in the company, valued at $116,200. The trade was a 12.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlanta Braves Stock Performance

Shares of BATRK opened at $40.14 on Thursday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.42 and a 1 year high of $44.42. The stock has a market capitalization of $2.04 billion, a P/E ratio of -54.99 and a beta of 0.70. The company’s fifty day moving average is $40.22 and its two-hundred day moving average is $40.67.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Atlanta Braves by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 2,342,671 shares of the financial services provider’s stock worth $91,505,000 after purchasing an additional 53,272 shares in the last quarter. Gabelli Funds LLC increased its holdings in 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 valued at $53,870,000 after buying an additional 42,617 shares in the last quarter. Aristeia Capital L.L.C. lifted its position in shares of Atlanta Braves by 42.9% during 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 acquiring an additional 396,720 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Atlanta Braves by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 661,845 shares of the financial services provider’s stock worth $25,851,000 after acquiring 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% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider’s stock worth $21,387,000 after acquiring an additional 191,478 shares during the period. 64.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reduced their price objective on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a research note 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.