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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) EVP Derek Gordon Schiller sold 30,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 300,233 shares in the company, valued at $13,660,601.50. This represents a 9.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 Trading Up 1.1%

NASDAQ:BATRK traded up $0.51 during trading hours on Monday, hitting $46.50. 610,146 shares of the stock traded hands, compared to its average volume of 292,736. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -132.85 and a beta of 0.55. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $47.43. The firm has a 50 day moving average price of $40.71 and a 200 day moving average price of $39.49.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data 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 firm had revenue of $47.21 million during the quarter, compared to analyst estimates of $36.87 million. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Institutional Trading of Atlanta Braves

A number of institutional investors and hedge funds have recently modified their holdings of BATRK. CWM LLC increased 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 buying an additional 297 shares in the last quarter. Federated Hermes Inc. bought a new position in Atlanta Braves in the fourth quarter valued at approximately $40,000. Comerica Bank grew its stake in shares of Atlanta Braves by 44.8% during the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 319 shares during the period. Summit Securities Group LLC bought a new stake in shares of Atlanta Braves in the 1st quarter valued at about $60,000. Finally, Versant Capital Management Inc raised its holdings in 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 worth $73,000 after purchasing an additional 1,400 shares during the period. 64.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BATRK shares. Citigroup upgraded shares of Atlanta Braves to a “hold” rating and set a $45.00 price target on the stock in a research report on Friday, June 13th. Rosenblatt Securities increased their target price on shares of Atlanta Braves from $52.00 to $69.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research report 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.