Insider Selling: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Sells $1,365,000.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Derek Gordon Schiller sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $45.50, for a total value of $1,365,000.00. Following the sale, the executive vice president now owns 300,233 shares in the company, valued at approximately $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 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 shares were sold at an average price of $43.00, for a total transaction of $3,117,715.00.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $48.67 on Thursday. The business’s 50 day moving average is $44.39 and its 200-day moving average is $42.90. The firm has a market cap of $3.01 billion, a P/E ratio of -139.05 and a beta of 0.57. Atlanta Braves Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $49.54. 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 (NASDAQ:BATRA) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.28. Atlanta Braves had a negative net margin of 3.18% and a negative return on equity of 4.07%. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. Equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup started coverage on shares of Atlanta Braves in a report on Friday, June 13th. They issued a “neutral” rating and a $45.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Atlanta Braves in a research note on Thursday, February 27th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers increased its holdings in Atlanta Braves by 5.2% in the 1st quarter. Rhumbline Advisers now owns 17,228 shares of the financial services provider’s stock valued at $756,000 after buying an additional 848 shares during the period. Anchor Investment Management LLC increased its position in Atlanta Braves by 7.4% during the 1st quarter. Anchor Investment Management LLC now owns 7,290 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 500 shares in the last quarter. Jane Street Group LLC bought a new position in Atlanta Braves in the 1st quarter valued at approximately $385,000. SageView Advisory Group LLC lifted its stake in Atlanta Braves by 32.9% in the 1st quarter. SageView Advisory Group LLC now owns 8,075 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 1,998 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Atlanta Braves by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock valued at $266,000 after buying an additional 234 shares in the last quarter. 12.31% of the stock is 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.