Atlanta Braves (NASDAQ:BATRA) Stock: Insider Gregory John Heller Sells 80,263 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Gregory John Heller sold 80,263 shares of Atlanta Braves stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $53.89, for a total value of $4,325,373.07. Following the sale, the executive vice president directly owned 22,741 shares in the company, valued at $1,225,512.49. The trade was a 77.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Atlanta Braves Stock Performance

Shares of BATRA traded down $0.19 on Thursday, reaching $57.84. 82,806 shares of the stock traded hands, compared to its average volume of 64,438. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of -57.27 and a beta of 0.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.49 and a quick ratio of 0.49. Atlanta Braves Holdings, Inc. has a 12 month low of $41.50 and a 12 month high of $60.48. The stock’s 50-day moving average price is $55.95 and its 200-day moving average price is $54.02.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.48). The firm had revenue of $305.12 million during the quarter, compared to the consensus estimate of $317.09 million. Atlanta Braves had a negative return on equity of 7.45% and a negative net margin of 8.56%. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors have recently added to or reduced their stakes in BATRA. Gabelli Funds LLC grew its stake in shares of Atlanta Braves by 1.3% in the 1st quarter. Gabelli Funds LLC now owns 917,332 shares of the financial services provider’s stock valued at $43,252,000 after purchasing an additional 11,932 shares during the period. Renaissance Technologies LLC lifted its position in shares of Atlanta Braves by 36.4% during the 1st quarter. Renaissance Technologies LLC now owns 334,700 shares of the financial services provider’s stock worth $15,781,000 after buying an additional 89,300 shares during the period. State Street Corp lifted its position in shares of Atlanta Braves by 10.6% during the 2nd quarter. State Street Corp now owns 238,949 shares of the financial services provider’s stock worth $13,455,000 after buying an additional 22,888 shares during the period. Dimensional Fund Advisors LP boosted its stake in Atlanta Braves by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 221,916 shares of the financial services provider’s stock valued at $10,463,000 after buying an additional 11,392 shares in the last quarter. Finally, Hudson Value Partners LLC boosted its stake in Atlanta Braves by 7.2% in the 2nd quarter. Hudson Value Partners LLC now owns 96,702 shares of the financial services provider’s stock valued at $5,445,000 after buying an additional 6,525 shares in the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlanta Braves presently has a consensus rating of “Reduce”.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization generates revenue through ticket sales, premium seating, sponsorships, media and broadcasting rights, concessions, licensing, retail merchandise, and other game-day and fan-related activities.

The Braves play their home games at Truist Park, which opened in 2017 in Cobb County, Georgia. The company also owns and operates The Battery Atlanta, a mixed-use development adjacent to the ballpark that includes restaurants, retail stores, office space, residences, entertainment venues, and event facilities.