GAMCO Investors Files SC 13D/A Amendment for Atlanta Braves Holdings

TL;DR

GAMCO Investors just updated their stake in the Atlanta Braves! ⚾️💰

AI Summary

GAMCO Investors, Inc. filed an amendment (No. 2) to its Schedule 13D on May 31, 2024, regarding Atlanta Braves Holdings, Inc. The filing indicates a change in beneficial ownership, with GAMCO Investors, Inc. and its affiliates now holding a significant stake in the company's Series A Common Stock.

Why It Matters

This filing signals a potential shift in the shareholder landscape for Atlanta Braves Holdings, Inc., which could influence corporate strategy or future trading activity.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic moves by significant investors, potentially impacting stock price and corporate governance.

Key Players & Entities

• GAMCO Investors, Inc. (company) — Filing party
• Atlanta Braves Holdings, Inc. (company) — Subject company
• David Goldman (person) — Person authorized to receive filings for GAMCO Investors, Inc.

FAQ

Key Financial Figures

• $0.01 — Name of Issuer) Series A Common Stock, $0.01 par value (Title of Class of Securitie

Filing Documents

• batraa_02.htm (SC 13D/A) — 203KB
• 0000807249-24-000063.txt ( ) — 205KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 2 to Schedule 13D on the Series A Common Shares of Atlanta Braves Holdings, Inc. (the "Issuer") is being filed on behalf of the undersigned to amend the Schedule 13D, as amended (the "Schedule 13D") which was originally filed on July 25. 2023. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

Identity and Background

Item 2. Identity and Background

to Schedule 13D is amended, in pertinent part, as follows

Item 2 to Schedule 13D is amended, in pertinent part, as follows: This statement is being filed by various entities which except for LICT Corporation ("LICT) and CIBL, Inc. ("CIBL"), engage in various aspects of the securities business, primarily as investment adviser to various institutional and individual clients, including registered investment companies and pension plans, and as general partner or the equivalent of various private investment partnerships or private funds and as a registered broker-dealer. Certain of these entities may also make investments for their own accounts. Mario J. Gabelli ("Mario Gabelli") is deemed to directly or indirectly control these entities through his ownership interest. The foregoing persons in the aggregate often own beneficially more than 5% of a class of equity securities of a particular issuer. Although several of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive. In order to avoid any question as to whether their beneficial than on the short-form Schedule 13G and thereby to provide more expansive disclosure than may be necessary. (a), (b) and (c) - This statement is being filed by one or more of the following persons: GGCP, Inc. ("GGCP"), GGCP Holdings LLC ("GGCP Holdings"), GAMCO Investors, Inc. ("GBL"), Associated Capital Group, Inc. ("AC"), Gabelli Funds, LLC ("Gabelli Funds"), GAMCO Asset Management Inc. ("GAMCO"),

Interest In Securities Of The Issuer

Item 5. Interest In Securities Of The Issuer

to Schedule 13D is amended, in pertinent part, as follows

Item 5 to Schedule 13D is amended, in pertinent part, as follows: (a) The aggregate number of Securities to which this Schedule 13D relates is 3,214,705 shares, representing 31.16% of the 10,318,162 shares outstanding as reported in the Issuer's most recently filed Form 10-Q for the quarterly period ended March 31, 2024. The Reporting Persons beneficially own those Securities as follows: Name Shares of Common Stock % of Class of Common GAMCO Gabelli Funds MJG Associates Foundation Mario Gabelli AC GCIA GGCP 2,210,355 833,200 37,500 46,000 23,800 5,550 16,300 42,000 21.42% 8.08% 0.36% 0.45% 0.23% 0.05% 0.16% 0.41% The Issuer has 977,776 Class B shares which provide 10 votes for each share outstanding. The Reporting Persons hold no Class B shares. Therefore, the Issuer has 20,095,922 total votes and the Reporting Persons holds 16.0% of the votes outstanding. In addition, the Issuer has 50,643,882 Class C shares which carry no votes. The Reporting Persons hold 3,056,142 shares of Class C stock. The Total Outstanding Shares of the Issuer is 61,939,820. The Reporting Persons hold 10.1% of the Total Outstanding Shares. This is illustrated in the table below: Issuer Share Class Issuer Shares Outstanding Reporting Persons Shares Economic Ownership % Vote A 10,318,162 3,214,705 5.2% 16.0% B 977,776 - - C 50,643,882 3,056,142 4.9% - TOTAL 61,939,820 6,270,847 10.1% 16.0% (1) A shares - 1 vote; B shares - 10 votes; C shares - 0 votes; Total Votes = 20,095,922 Mario Gabelli is deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons. AC, GBL and GGCP are deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons other than Mario Gabelli and the Foundation. (b) Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition

View Full Filing

View this SC 13D/A filing on SEC EDGAR