Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Sells $3,117,715.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) EVP Derek Gordon Schiller sold 72,505 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total value of $3,117,715.00. Following the sale, the executive vice president now owns 300,233 shares of the company's stock, valued at $12,910,019. This trade represents a 19.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Atlanta Braves Stock Down 0.5%

Shares of BATRA traded down $0.23 during mid-day trading on Friday, reaching $45.24. The company's stock had a trading volume of 51,654 shares, compared to its average volume of 45,048. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $46.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -61.97 and a beta of 0.57. The business has a fifty day moving average of $43.50 and a 200 day moving average of $42.60.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last posted its quarterly 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 net margin of 6.56% and a negative return on equity of 8.48%. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. As a group, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Atlanta Braves

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Atlanta Braves by 25.1% in the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock worth $53,000 after acquiring an additional 242 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Atlanta Braves during the fourth quarter worth $53,000. BNP Paribas Financial Markets acquired a new position in Atlanta Braves during the fourth quarter worth $59,000. PNC Financial Services Group Inc. increased its position in Atlanta Braves by 157.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after buying an additional 914 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Atlanta Braves during the first quarter worth $211,000. 12.31% of the stock is owned by institutional investors and hedge funds.

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.