GAMMA Investing LLC Acquires 9,378 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

GAMMA Investing LLC lifted its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 9,017.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,482 shares of the financial services provider’s stock after purchasing an additional 9,378 shares during the period. GAMMA Investing LLC’s holdings in Atlanta Braves were worth $3,790,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake in shares of Atlanta Braves by 335.7% during the 1st quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,400 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Atlanta Braves by 31.8% during the first quarter. Central Pacific Bank Trust Division now owns 16,562 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 3,997 shares in the last quarter. Wellington Management Group LLP boosted its stake in Atlanta Braves by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider’s stock worth $25,051,000 after acquiring an additional 19,718 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Atlanta Braves by 8.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,966 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 472 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Atlanta Braves by 15.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,155 shares of the financial services provider’s stock worth $5,171,000 after acquiring an additional 18,501 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock opened at $43.70 on Thursday. The stock has a market capitalization of $2.24 billion, a PE ratio of -59.86 and a beta of 0.54. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $44.43. The company has a 50-day simple moving average of $39.82 and a two-hundred day simple moving average of $39.35.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analysts’ expectations of $36.87 million. As a group, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Activity

In other Atlanta Braves news, EVP Deretta C. Rhodes sold 767 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.97, for a total transaction of $31,423.99. Following the completion of the transaction, the executive vice president now owns 3,112 shares in the company, valued at $127,498.64. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder John C. Malone bought 44,258 shares of the company’s stock in a transaction dated Thursday, April 10th. The stock was bought at an average price of $41.80 per share, with a total value of $1,849,984.40. Following the acquisition, the insider now owns 330,870 shares in the company, valued at approximately $13,830,366. This trade represents a 15.44% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 121,872 shares of company stock valued at $5,043,730 over the last three months. Insiders own 11.43% of the company’s stock.

Atlanta Braves 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.