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 Atlanta Braves stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $45.50, for a total value of $1,365,000.00. Following the completion of the sale, the executive vice president now directly owns 300,233 shares of the company's stock, valued at approximately $13,660,601.50. This trade represents a 9.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 value 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 value of $3,117,715.00.

Atlanta Braves Price Performance

BATRK stock traded up $0.51 during mid-day trading on Thursday, reaching $46.56. 268,619 shares of the company traded hands, compared to its average volume of 295,017. The company has a market capitalization of $2.39 billion, a P/E ratio of -133.02 and a beta of 0.54. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $46.93. The company has a fifty day moving average price of $41.38 and a 200-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, 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. As a group, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Magnetar Financial LLC boosted its position in shares of Atlanta Braves by 161.9% during the 4th quarter. Magnetar Financial LLC now owns 13,328 shares of the financial services provider's stock valued at $510,000 after acquiring an additional 8,239 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Atlanta Braves by 16.8% during the 4th quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock valued at $3,070,000 after acquiring an additional 11,554 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 $721,000. KLP Kapitalforvaltning AS bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $337,000. Finally, GAMMA Investing LLC boosted its position in shares of Atlanta Braves by 9,017.3% during the 1st quarter. GAMMA Investing LLC now owns 9,482 shares of the financial services provider's stock valued at $3,790,000 after acquiring an additional 9,378 shares during the last quarter. Hedge funds and other 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.