Insider Selling: Atlanta Braves (NASDAQ:BATRA) Major Shareholder Sells 500 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $45.51, for a total transaction of $22,755.00. Following the transaction, the insider owned 500 shares in the company, valued at approximately $22,755. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Thursday, September 25th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The stock was sold at an average price of $45.41, for a total value of $36,328.00.
• On Friday, September 19th, Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock. The stock was sold at an average price of $45.19, for a total value of $49,709.00.
• On Thursday, September 18th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The shares were sold at an average price of $45.49, for a total transaction of $36,392.00.

Atlanta Braves Trading Down 0.5%

Shares of BATRA stock opened at $45.30 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 0.64. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $50.50. The stock has a fifty day moving average of $46.86 and a two-hundred day moving average of $45.49. The firm has a market capitalization of $2.84 billion, a PE ratio of -129.43 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. Atlanta Braves had a negative return on equity of 3.98% and a negative net margin of 2.99%.The company had revenue of $312.44 million during the quarter, compared to analysts’ expectations of $295.86 million. As a group, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Analysts Set New Price Targets

Separately, Citigroup started coverage on shares of Atlanta Braves in a research note on Friday, June 13th. They set a “neutral” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in Atlanta Braves by 13.5% in the second quarter. Osaic Holdings Inc. now owns 5,623 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 668 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Atlanta Braves by 52.6% in the 2nd quarter. Squarepoint Ops LLC now owns 11,575 shares of the financial services provider’s stock worth $570,000 after buying an additional 3,991 shares during the last quarter. State of Wyoming bought a new position in shares of Atlanta Braves in the second quarter worth $70,000. Tower Research Capital LLC TRC grew its stake in shares of Atlanta Braves by 35.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,774 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 463 shares during the last quarter. Finally, Northeast Financial Consultants Inc bought a new stake in Atlanta Braves in the 2nd quarter worth approximately $236,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

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.