Gabelli Funds LLC Raises Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Gabelli Funds LLC grew its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 844,607 shares of the financial services provider’s stock after buying an additional 50,030 shares during the quarter. Gabelli Funds LLC owned 8.18% of Atlanta Braves worth $34,561,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. M&R Capital Management Inc. increased its holdings in Atlanta Braves by 1,132.1% in the 2nd quarter. M&R Capital Management Inc. now owns 653 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 600 shares in the last quarter. Simplex Trading LLC lifted its stake in Atlanta Braves by 282.4% in the 1st quarter. Simplex Trading LLC now owns 784 shares of the financial services provider’s stock valued at $27,000 after buying an additional 579 shares in the last quarter. Barclays PLC boosted its holdings in Atlanta Braves by 532.7% in the 4th quarter. Barclays PLC now owns 2,689 shares of the financial services provider’s stock worth $88,000 after buying an additional 2,264 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in Atlanta Braves during the 3rd quarter worth approximately $96,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Atlanta Braves by 57.0% during the first quarter. MetLife Investment Management LLC now owns 5,829 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 2,116 shares during the last quarter. 0.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Gamco Investors, Inc. Et Al bought 800 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $41.91 per share, with a total value of $33,528.00. Following the purchase, the insider now directly owns 22,800 shares of the company’s stock, valued at $955,548. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 1,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was acquired at an average cost of $37.75 per share, for a total transaction of $37,750.00. Following the acquisition, the insider now owns 2,510 shares in the company, valued at approximately $94,752.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $41.91 per share, for a total transaction of $33,528.00. Following the completion of the acquisition, the insider now owns 22,800 shares in the company, valued at approximately $955,548. The disclosure for this purchase can be found here. Insiders purchased 2,300 shares of company stock worth $91,103 over the last ninety days. Corporate insiders own 11.43% of the company’s stock.

Analyst Upgrades and Downgrades

BATRA has been the topic of a number of research analyst reports. Seaport Res Ptn reaffirmed a “buy” rating on shares of Atlanta Braves in a research note on Friday, August 4th. TheStreet lowered shares of Atlanta Braves from a “c-” rating to a “d+” rating in a report on Friday, August 25th.

Atlanta Braves Price Performance

BATRA stock traded up $0.38 during mid-day trading on Friday, reaching $40.24. The company’s stock had a trading volume of 43,981 shares, compared to its average volume of 69,642. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.14. The company’s 50 day moving average is $39.29 and its two-hundred day moving average is $40.64. Atlanta Braves Holdings, Inc. has a fifty-two week low of $31.53 and a fifty-two week high of $54.94.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates league baseball club. It also operates league baseball club's stadium; and mixed-use real estate development project. The company is based in Englewood, Colorado.