Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) EVP Sells $2,967,000.00 in Stock

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

Atlanta Braves Price Performance

Shares of Atlanta Braves stock traded up $0.48 on Monday, hitting $42.99. The company had a trading volume of 236,625 shares, compared to its average volume of 285,850. The business has a 50-day simple moving average of $40.22 and a 200-day simple moving average of $39.39. The company has a market cap of $2.21 billion, a PE ratio of -58.89 and a beta of 0.54. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $44.43.

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

Institutional Trading of Atlanta Braves

Several institutional investors and hedge funds have recently added to or reduced their stakes in BATRK. CWM LLC lifted its stake in Atlanta Braves by 56.4% during the first quarter. CWM LLC now owns 824 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 297 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Atlanta Braves during the fourth quarter valued at approximately $40,000. Comerica Bank lifted its stake in Atlanta Braves by 44.8% during the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 319 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Atlanta Braves during the first quarter valued at approximately $60,000. Finally, Versant Capital Management Inc lifted its stake in Atlanta Braves by 335.7% during the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 1,400 shares during the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on BATRK shares. Wall Street Zen upgraded shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Citigroup initiated coverage on shares of Atlanta Braves in a report on Friday. They issued a "neutral" rating and a $45.00 price objective for the company.

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.