Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) EVP Sells $3,117,715.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) EVP Derek Gordon Schiller sold 72,505 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $3,117,715.00. Following the completion of the sale, the executive vice president now owns 300,233 shares of the company's stock, valued at approximately $12,910,019. The trade was a 19.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Atlanta Braves Stock Down 1.5%

BATRK traded down $0.65 during midday trading on Friday, reaching $42.51. 244,550 shares of the company's stock were exchanged, compared to its average volume of 285,469. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -58.23 and a beta of 0.54. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43. The business has a 50-day simple moving average of $40.08 and a two-hundred day simple moving average of $39.38.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. As a group, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BATRK. Wall Street Zen upgraded shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup began coverage on shares of Atlanta Braves in a research note on Friday. They issued a "neutral" rating and a $45.00 target price for the company.

About Atlanta Braves

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.