Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Michael P. Plant Sells 69,000 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Michael P. Plant sold 69,000 shares of Atlanta Braves stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the completion of the sale, the executive vice president now owns 205,593 shares in the company, valued at approximately $8,840,499. This trade represents a 25.13% 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

BATRA opened at $45.24 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of -61.97 and a beta of 0.57. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $46.65. The firm’s 50-day moving average price is $43.50 and its 200 day moving average price is $42.60. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly 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 firm had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $53,000. GAMMA Investing LLC grew its stake in shares of Atlanta Braves by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock valued at $53,000 after buying an additional 242 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $59,000. PNC Financial Services Group Inc. grew its stake in shares of Atlanta Braves by 157.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock valued at $61,000 after buying an additional 914 shares during the period. Finally, Ionic Capital Management LLC purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $197,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Atlanta Braves in a research report on Friday. They issued a “neutral” rating and a $45.00 target price on the stock. Benchmark reiterated 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.