Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Deretta C. Rhodes Sells 5,000 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Deretta C. Rhodes sold 5,000 shares of Atlanta Braves stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total value of $206,000.00. Following the completion of the sale, the executive vice president now directly owns 3,112 shares in the company, valued at approximately $128,214.40. This represents a 61.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Atlanta Braves Stock Up 1.2%

BATRA stock opened at $44.83 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $42.97 and a two-hundred day moving average price of $42.37. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -61.41 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last posted its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share 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 analyst estimates of $36.87 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. Analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cutter & CO Brokerage Inc. acquired a new position in Atlanta Braves in the 4th quarter valued at $390,000. Barclays PLC raised its holdings in Atlanta Braves by 376.1% in the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 12,775 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Atlanta Braves in the 4th quarter valued at $394,000. Proficio Capital Partners LLC acquired a new position in shares of Atlanta Braves during the 4th quarter worth $901,000. Finally, Renaissance Technologies LLC raised 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 worth $11,595,000 after buying an additional 20,200 shares in the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

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.