Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) major shareholder Mario J. Gabelli bought 352 shares of the firm's stock in a transaction on Friday, October 11th. The stock was purchased at an average cost of $41.50 per share, with a total value of $14,608.00. Following the completion of the transaction, the insider now directly owns 25,152 shares of the company's stock, valued at approximately $1,043,808. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Atlanta Braves Stock Performance
Shares of NASDAQ BATRK opened at $40.59 on Wednesday. The stock has a market cap of $2.06 billion, a PE ratio of -20.30 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a fifty-two week low of $33.95 and a fifty-two week high of $44.42. The stock has a fifty day moving average of $41.25 and a 200-day moving average of $40.29.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million during the quarter, compared to analysts' expectations of $288.20 million. During the same quarter last year, the firm posted ($0.55) earnings per share. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current year.
Wall Street Analyst Weigh In
Retire off just one stock ticker?
From Behind the Markets | Ad
ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now.
They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else.
It's currently trading for only $15...
Click here for the ticker >>>
Separately, Rosenblatt Securities decreased their target price 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.
Check Out Our Latest Stock Analysis on BATRK
Hedge Funds Weigh In On Atlanta Braves
Hedge funds have recently made changes to their positions in the stock. Quent Capital LLC boosted its stake in Atlanta Braves by 568.4% during the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider's stock valued at $64,000 after buying an additional 1,404 shares during the period. Hahn Capital Management LLC boosted its stake in Atlanta Braves by 33.7% during the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider's stock valued at $77,000 after buying an additional 495 shares during the period. nVerses Capital LLC bought a new stake in Atlanta Braves during the second quarter valued at $95,000. OFI Invest Asset Management bought a new stake in Atlanta Braves during the second quarter valued at $156,000. Finally, SageView Advisory Group LLC bought a new stake in Atlanta Braves during the fourth quarter valued at $206,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.
About Atlanta Braves
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
