Atlanta Braves Holdings, Inc. $BATRA Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 2.6% in the first quarter, HoldingsChannel.com reports. The fund owned 2,173,206 shares of the financial services provider’s stock after selling 57,156 shares during the period. Atlanta Braves comprises approximately 1.0% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 12th biggest holding. Gamco Investors INC. ET AL’s holdings in Atlanta Braves were worth $102,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of Atlanta Braves in the first quarter valued at about $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Atlanta Braves by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 234 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Atlanta Braves during the first quarter worth about $385,000. Legal & General Group Plc lifted its holdings in shares of Atlanta Braves by 8.3% during the second quarter. Legal & General Group Plc now owns 8,007 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 614 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Atlanta Braves by 1,873.1% in the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after buying an additional 487 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BATRA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, July 17th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Atlanta Braves presently has an average rating of “Reduce”.

Atlanta Braves Price Performance

NASDAQ:BATRA opened at $55.04 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $41.50 and a one year high of $58.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -152.89 and a beta of 0.63. The firm’s fifty day moving average is $55.19 and its two-hundred day moving average is $50.38.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.09. The company had revenue of $72.01 million for the quarter, compared to the consensus estimate of $68.69 million. Atlanta Braves had a positive return on equity of 0.25% and a negative net margin of 2.97%. Research analysts expect that Atlanta Braves Holdings, Inc. will post 0.22 EPS for the current year.

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.