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 directly owns 300,233 shares in the company, valued at $12,910,019. This trade represents a 19.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Atlanta Braves Stock Up 0.7%

Shares of Atlanta Braves stock traded up $0.32 during trading on Monday, reaching $45.56. The company's stock had a trading volume of 44,775 shares, compared to its average volume of 45,133. 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 $2.82 billion, a price-to-earnings ratio of -62.41 and a beta of 0.57. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $46.65. The company has a 50-day simple moving average of $43.61 and a two-hundred day simple moving average of $42.64.

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

Institutional Trading of Atlanta Braves

A number of institutional investors have recently made changes to their positions in the business. Cutter & CO Brokerage Inc. acquired a new stake in Atlanta Braves during the 4th quarter worth about $390,000. Proficio Capital Partners LLC acquired a new stake in Atlanta Braves during the 4th quarter worth about $901,000. Pacific Global Investment Management Co. lifted its position in Atlanta Braves by 5.1% during the 4th quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock worth $210,000 after acquiring an additional 249 shares during the period. Raymond James Financial Inc. acquired a new stake in Atlanta Braves during the 4th quarter worth about $394,000. Finally, PNC Financial Services Group Inc. lifted its position in Atlanta Braves by 157.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider's stock worth $61,000 after acquiring an additional 914 shares during the period. Institutional investors and hedge funds own 12.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BATRA. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th. Citigroup began coverage on Atlanta Braves in a research report on Friday. They set a "neutral" rating and a $45.00 target price on the stock.

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.