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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) EVP Derek Gordon Schiller sold 40,000 shares of Atlanta Braves stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.00, for a total value of $1,760,000.00. Following the transaction, the executive vice president now directly owns 300,233 shares in the company, valued at approximately $13,210,252. This trade represents a 11.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $45.50, for a total value 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 Stock Performance

Shares of Atlanta Braves stock traded up $0.51 during trading on Thursday, hitting $46.56. 268,619 shares of the stock traded hands, compared to its average volume of 295,017. The stock has a market cap of $2.39 billion, a P/E ratio of -133.02 and a beta of 0.54. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $46.93. The company has a fifty day moving average price of $41.38 and a two-hundred day moving average price of $39.67.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million during the quarter, compared to analyst estimates of $36.87 million. On average, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its holdings in Atlanta Braves by 3.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider's stock worth $301,000 after purchasing an additional 266 shares during the last quarter. Stifel Financial Corp lifted its holdings in Atlanta Braves by 4.9% in the 4th quarter. Stifel Financial Corp now owns 6,007 shares of the financial services provider's stock worth $230,000 after purchasing an additional 280 shares during the last quarter. CWM LLC lifted its holdings in shares of Atlanta Braves by 56.4% during the first quarter. CWM LLC now owns 824 shares of the financial services provider's stock worth $33,000 after buying an additional 297 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Atlanta Braves by 10.4% during the first quarter. US Bancorp DE now owns 3,160 shares of the financial services provider's stock worth $126,000 after buying an additional 298 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Atlanta Braves by 4.1% during the fourth quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider's stock worth $290,000 after buying an additional 302 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BATRK shares. Citigroup upgraded Atlanta Braves to a "hold" rating and set a $45.00 price target for the company in a report on Friday, June 13th. Rosenblatt Securities lifted their price target on Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, Wall Street Zen upgraded Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

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.