Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) EVP Sells $1,365,000.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) EVP Derek Gordon Schiller sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the completion of the transaction, the executive vice president now directly owns 300,233 shares in the company, valued at approximately $13,660,601.50. The trade was a 9.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Derek Gordon Schiller also recently made the following trade(s):

• On Wednesday, June 18th, Derek Gordon Schiller sold 40,000 shares of Atlanta Braves stock. The stock was sold at an average price of $44.00, for a total transaction of $1,760,000.00.
• On Wednesday, June 11th, Derek Gordon Schiller sold 72,505 shares of Atlanta Braves stock. The stock was sold at an average price of $43.00, for a total transaction of $3,117,715.00.

Atlanta Braves Stock Up 1.1%

NASDAQ:BATRK traded up $0.51 during trading hours on Monday, hitting $46.50. 610,146 shares of the stock traded hands, compared to its average volume of 292,740. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $46.93. The company has a market cap of $2.39 billion, a price-to-earnings ratio of -132.85 and a beta of 0.55. The stock has a 50 day moving average price of $40.88 and a 200 day moving average price of $39.53.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.94) by $0.28. The firm had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Atlanta Braves by 16.8% in the fourth quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock worth $3,070,000 after buying an additional 11,554 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Atlanta Braves by 12.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 52,050 shares of the financial services provider's stock worth $1,991,000 after buying an additional 5,877 shares in the last quarter. 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 position in shares of Atlanta Braves in the fourth quarter worth $211,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Atlanta Braves in the fourth quarter worth $821,000. Hedge funds and other institutional investors own 64.88% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.