Gabelli Funds LLC Buys 41,084 Shares of Atlanta Braves Holdings, Inc. $BATRA

Gabelli Funds LLC lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 905,400 shares of the financial services provider’s stock after acquiring an additional 41,084 shares during the period. Gabelli Funds LLC’s holdings in Atlanta Braves were worth $38,470,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Atlanta Braves in the fourth quarter valued at about $3,252,000. MRP Capital Investments LLC bought a new position in shares of Atlanta Braves in the third quarter valued at about $988,000. Balyasny Asset Management L.P. bought a new position in shares of Atlanta Braves in the second quarter valued at about $1,516,000. Bank of America Corp DE raised its position in shares of Atlanta Braves by 17.1% in the second quarter. Bank of America Corp DE now owns 16,731 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 2,442 shares during the period. Finally, PDT Partners LLC raised its position in shares of Atlanta Braves by 17.3% in the second quarter. PDT Partners LLC now owns 19,889 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 2,940 shares during the period. Institutional investors own 12.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BATRA. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, April 20th. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Atlanta Braves has a consensus rating of “Reduce” and a consensus price target of $45.00.

Atlanta Braves Price Performance

NASDAQ:BATRA opened at $53.95 on Monday. Atlanta Braves Holdings, Inc. has a 52 week low of $41.50 and a 52 week high of $56.06. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of -149.86 and a beta of 0.68. The firm’s 50-day simple moving average is $50.24 and its 200 day simple moving average is $46.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.46 and a current ratio of 0.46.

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

Atlanta Braves Profile

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.