Derek Gordon Schiller Sells 30,000 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) EVP Derek Gordon Schiller sold 30,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 300,233 shares in the company, valued at approximately $13,660,601.50. This trade represents a 9.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 0.3%

NASDAQ:BATRA traded up $0.16 on Monday, reaching $49.23. 145,637 shares of the stock traded hands, compared to its average volume of 46,396. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -140.65 and a beta of 0.57. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $49.47. The company's fifty day simple moving average is $44.11 and its 200 day simple moving average is $42.82.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last released its quarterly earnings data 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 business had revenue of $47.21 million during the quarter, compared to analyst estimates of $36.87 million. Atlanta Braves had a negative net margin of 3.18% and a negative return on equity of 4.07%. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BATRA shares. Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Atlanta Braves in a report on Thursday, February 27th. Citigroup started coverage on shares of Atlanta Braves in a report on Friday, June 13th. They issued a "neutral" rating and a $45.00 price objective on the stock.

Institutional Trading of Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its holdings in shares of Atlanta Braves by 1.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider's stock valued at $92,257,000 after acquiring an additional 21,955 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Atlanta Braves by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 594,802 shares of the financial services provider's stock valued at $26,094,000 after acquiring an additional 4,959 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Atlanta Braves by 7.7% during the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider's stock valued at $11,595,000 after acquiring an additional 20,200 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Atlanta Braves by 0.5% during the 4th quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider's stock valued at $3,902,000 after acquiring an additional 436 shares during the last quarter. Finally, Hudson Value Partners LLC purchased a new stake in shares of Atlanta Braves during the 1st quarter valued at about $3,830,000. 12.31% of the stock is currently owned by institutional investors.

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.