Insider Selling: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Sells 30,000 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Derek Gordon Schiller sold 30,000 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the sale, the executive vice president now owns 300,233 shares of the company’s stock, valued at $13,660,601.50. This trade represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 value 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 value of $3,117,715.00.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRA traded up $0.16 on Monday, hitting $49.23. 145,637 shares of the company were exchanged, compared to its average volume of 46,394. The company’s 50 day moving average price is $43.97 and its two-hundred day moving average price is $42.77. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -140.65 and a beta of 0.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $49.81.

Atlanta Braves (NASDAQ:BATRA) last released its 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. Atlanta Braves had a negative return on equity of 4.07% and a negative net margin of 3.18%. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. Research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BATRA. Citigroup assumed coverage on Atlanta Braves in a research report on Friday, June 13th. They issued a “neutral” rating and a $45.00 price target on the stock. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 27th.

Institutional Trading of Atlanta Braves

A number of hedge funds have recently modified their holdings of BATRA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 acquiring an additional 234 shares during the period. GAMMA Investing LLC boosted its holdings in Atlanta Braves by 25.1% during the first quarter. GAMMA Investing LLC now owns 1,207 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 242 shares in the last quarter. Pacific Global Investment Management Co. grew its stake in shares of Atlanta Braves by 5.1% in the 4th quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 249 shares during the period. MAI Capital Management raised its holdings in shares of Atlanta Braves by 5.4% in the 1st quarter. MAI Capital Management now owns 5,384 shares of the financial services provider’s stock worth $236,000 after buying an additional 275 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of Atlanta Braves by 2.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 17,000 shares of the financial services provider’s stock worth $746,000 after buying an additional 400 shares during the period. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Company Profile

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.