Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Derek Gordon Schiller Sells 40,000 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) EVP Derek Gordon Schiller sold 40,000 shares of Atlanta Braves stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.00, for a total transaction of $1,760,000.00. Following the sale, the executive vice president now owns 300,233 shares in the company, valued at approximately $13,210,252. This represents a 11.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Derek Gordon Schiller also recently made the following trade(s):

• On Friday, June 20th, Derek Gordon Schiller sold 30,000 shares of Atlanta Braves stock. The shares were sold at an average price of $45.50, for a total transaction of $1,365,000.00.
• On Wednesday, June 11th, Derek Gordon Schiller sold 72,505 shares of Atlanta Braves stock. The shares were sold at an average price of $43.00, for a total transaction of $3,117,715.00.

Atlanta Braves Price Performance

NASDAQ:BATRA traded up $0.69 during mid-day trading on Thursday, reaching $49.36. 37,028 shares of the stock were exchanged, compared to its average volume of 46,523. The business has a fifty day moving average price of $44.53 and a 200 day moving average price of $42.96. The firm has a market capitalization of $3.05 billion, a PE ratio of -141.02 and a beta of 0.57. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $49.54. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The firm had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Atlanta Braves had a negative return on equity of 4.07% and a negative net margin of 3.18%. Research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Atlanta Braves by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock worth $53,000 after purchasing an additional 242 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Atlanta Braves in the 4th quarter worth about $53,000. BNP Paribas Financial Markets purchased a new position in Atlanta Braves in the 4th quarter worth about $59,000. PNC Financial Services Group Inc. increased its stake in Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after purchasing an additional 914 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in Atlanta Braves in the 1st quarter worth about $211,000. Hedge funds and other institutional investors own 12.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup assumed coverage on Atlanta Braves in a report on Friday, June 13th. They set a "neutral" rating and a $45.00 target price on the stock. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Atlanta Braves in a report on Thursday, February 27th.

Atlanta Braves Company 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.