Insider Selling: Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) EVP Sells 72,505 Shares of Stock

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

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock traded up $0.48 on Monday, hitting $42.99. The company's stock had a trading volume of 236,625 shares, compared to its average volume of 285,850. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43. The firm has a fifty day moving average price of $40.22 and a 200-day moving average price of $39.39. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -58.89 and a beta of 0.54.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced 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 business had revenue of $47.21 million during 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.

Institutional Investors Weigh In On Atlanta Braves

Several large investors have recently bought and sold shares of the company. Aristeia Capital L.L.C. increased its stake in Atlanta Braves by 2.3% during the 1st quarter. Aristeia Capital L.L.C. now owns 2,470,052 shares of the financial services provider's stock worth $98,827,000 after buying an additional 55,690 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Atlanta Braves by 8.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,829,000 shares of the financial services provider's stock worth $73,179,000 after buying an additional 138,111 shares in the last quarter. Broad Bay Capital Management LP increased its stake in Atlanta Braves by 24.3% during the 1st quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider's stock worth $69,333,000 after buying an additional 338,655 shares in the last quarter. Gabelli Funds LLC increased its stake in Atlanta Braves by 3.7% during the 1st quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider's stock worth $58,946,000 after buying an additional 52,777 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Atlanta Braves by 1.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,457,676 shares of the financial services provider's stock worth $55,771,000 after buying an additional 21,659 shares in the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.