Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Sells $1,760,000.00 in Stock

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

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 stock was 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 Stock Down 0.1%

Atlanta Braves stock traded down $0.05 during midday trading on Tuesday, reaching $49.19. The stock had a trading volume of 29,469 shares, compared to its average volume of 46,342. The company has a fifty day moving average price of $44.11 and a two-hundred day moving average price of $42.82. The company has a market capitalization of $3.04 billion, a P/E ratio of -141.37 and a beta of 0.57. 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 Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $49.53.

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

Institutional Trading of Atlanta Braves

Several institutional investors and hedge funds have recently modified their holdings of BATRA. Gamco Investors INC. ET AL boosted its holdings in shares of Atlanta Braves by 1.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider's stock worth $92,257,000 after buying an additional 21,955 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Atlanta Braves by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 594,802 shares of the financial services provider's stock worth $26,094,000 after buying an additional 4,959 shares during the period. Renaissance Technologies LLC grew its position in shares of Atlanta Braves by 7.7% in the fourth quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock valued at $11,595,000 after purchasing an additional 20,200 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Atlanta Braves by 0.5% in the fourth quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider's stock worth $3,902,000 after buying an additional 436 shares in the last quarter. Finally, Hudson Value Partners LLC bought a new stake in Atlanta Braves during the 1st quarter worth approximately $3,830,000. 12.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BATRA has been the subject of several recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Atlanta Braves in a research note on Thursday, February 27th. Citigroup assumed coverage on shares of Atlanta Braves in a research report on Friday, June 13th. They set a "neutral" rating and a $45.00 price objective for the company.

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.