Insider Buying: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Major Shareholder Buys 300 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Gamco Investors, Inc. Et Al bought 300 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of $41.50 per share, with a total value of $12,450.00. Following the completion of the transaction, the insider now owns 2,800 shares in the company, valued at approximately $116,200. This trade represents a 12.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlanta Braves Trading Up 0.6 %

BATRA stock traded up $0.26 during trading on Monday, reaching $42.23. 33,354 shares of the stock were exchanged, compared to its average volume of 32,471. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -58.05 and a beta of 0.85. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $42.67 and a 200-day moving average price of $43.04. Atlanta Braves Holdings, Inc. has a 1 year low of $39.59 and a 1 year high of $46.65.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. purchased a new position in shares of Atlanta Braves during the second quarter valued at $26,000. Nisa Investment Advisors LLC lifted its position in shares of Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 600 shares during the period. Quent Capital LLC lifted its holdings in Atlanta Braves by 1,607.7% during the 3rd quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares during the last quarter. US Bancorp DE bought a new stake in shares of Atlanta Braves during the third quarter worth $28,000. Finally, GAMMA Investing LLC boosted its holdings in Atlanta Braves by 5,336.8% in the third quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 12.31% of the company’s stock.

About Atlanta Braves

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.