Mario Gabelli's firms buy $20,625 in Atlanta Braves Holdings stock

In a recent transaction, entities associated with renowned investor Mario J. Gabelli have reported the acquisition of $20,625 worth of Series A Common Stock in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA). The purchase, executed at a price of $41.25 per share, involved a total of 500 shares.

This move is part of a series of transactions by firms linked to Gabelli, including GAMCO Investors, Inc., Associated Capital Group (NYSE:AC), Inc., and GGCP, INC., all of which are reported to be ten percent owners of the stock. The shares purchased are directly owned by Mario J. Gabelli, as indicated in the filing footnotes.

The filing also disclosed various holdings in Series A Common Stock by the entities, with Associated Capital Group, Inc. holding 2,550 shares and GGCP, Inc. owning 42,000 shares. Moreover, a collection of limited partnerships, indirectly connected to Gabelli's firms, hold significant numbers of shares, ranging from 3,800 to 20,000 shares per entity. These partnerships are noted to have less than a 100% interest in GAMCO Investors, Inc. and Associated Capital Group, Inc., and by extension, Mario J. Gabelli has less than a 100% interest in GGCP, Inc.

The reported transactions showcase the continued interest and investment by Gabelli's firms in Atlanta Braves Holdings, Inc., reflecting a strategic position in the company's stock. The signature on the filing was provided by Douglas R. Jamieson, acting as Attorney-In-Fact for Mario J. Gabelli and the associated companies, and Peter D. Goldstein, General Counsel for GAMCO Investors, Inc.

In light of the recent acquisition by entities associated with Mario J. Gabelli, Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) presents a mix of financial metrics that investors may find intriguing. With a market capitalization of $2.63 billion and a price-to-book ratio of 4.71 as of the last twelve months ending Q4 2023, the company is positioned in a competitive market landscape.

InvestingPro data indicates that BATRA has experienced a revenue growth of 8.85% over the last twelve months as of Q4 2023, yet the company's gross profit margins remain weak at 23.33%. This could be a point of concern for investors looking for stronger profitability indicators. Additionally, the company does not distribute dividends, which might influence the investment decisions of income-focused shareholders.

Two InvestingPro Tips that could be particularly relevant for investors considering BATRA are: the company's stock generally trades with low price volatility, which might appeal to investors seeking stability; and the analysts' outlook that BATRA will not be profitable this year, which underscores the importance of a long-term investment horizon when dealing with such stocks.

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