Insider Selling: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Sells 69,000 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) EVP Michael P. Plant sold 69,000 shares of Atlanta Braves stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the transaction, the executive vice president now owns 205,593 shares in the company, valued at $8,840,499. The trade was a 25.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Atlanta Braves Stock Up 0.7%

Shares of Atlanta Braves stock traded up $0.32 during trading on Monday, reaching $45.56. The company had a trading volume of 44,775 shares, compared to its average volume of 45,133. The company has a market cap of $2.82 billion, a price-to-earnings ratio of -62.41 and a beta of 0.57. The firm's fifty day moving average is $43.61 and its 200-day moving average is $42.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $46.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $53,000. GAMMA Investing LLC grew its position in shares of Atlanta Braves by 25.1% during the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider's stock valued at $53,000 after buying an additional 242 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $59,000. PNC Financial Services Group Inc. grew its position in shares of 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 valued at $61,000 after buying an additional 914 shares during the last quarter. Finally, Ionic Capital Management LLC bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $197,000. Institutional investors and hedge funds own 12.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on BATRA. Benchmark reiterated a "buy" rating and issued a $60.00 price objective on shares of Atlanta Braves in a report on Thursday, February 27th. Citigroup began coverage on shares of Atlanta Braves in a report on Friday. They issued a "neutral" rating and a $45.00 price objective on the stock.

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.