Derek Gordon Schiller Sells 40,000 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) EVP Derek Gordon Schiller sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.00, for a total value of $1,760,000.00. Following the completion of the sale, the executive vice president now directly owns 300,233 shares of the company's stock, valued at approximately $13,210,252. This represents a 11.76% decrease in their position. The sale was disclosed in a 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 value of $3,117,715.00.

Atlanta Braves Price Performance

NASDAQ:BATRK traded down $0.03 during mid-day trading on Tuesday, hitting $46.47. 279,638 shares of the company's stock were exchanged, compared to its average volume of 292,741. The business has a fifty day moving average price of $40.88 and a 200 day moving average price of $39.53. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $47.25. The company has a market cap of $2.38 billion, a PE ratio of -133.17 and a beta of 0.54.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. On average, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BATRK. Citigroup upgraded Atlanta Braves to a "hold" rating and set a $45.00 price target on the stock in a report on Friday, June 13th. Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Rosenblatt Securities raised their price target on Atlanta Braves from $52.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently bought and sold shares of BATRK. Rhumbline Advisers grew its position in Atlanta Braves by 16.8% in the 4th quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock worth $3,070,000 after purchasing an additional 11,554 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Atlanta Braves by 12.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 52,050 shares of the financial services provider's stock valued at $1,991,000 after purchasing an additional 5,877 shares during the period. Truist Financial Corp lifted its holdings in shares of Atlanta Braves by 5.2% in the fourth quarter. Truist Financial Corp now owns 10,892 shares of the financial services provider's stock worth $417,000 after buying an additional 535 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Atlanta Braves in the 4th quarter worth $211,000. Finally, Proficio Capital Partners LLC bought a new position in Atlanta Braves during the fourth quarter valued at approximately $821,000. Institutional investors own 64.88% of the company's 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.