Insider Selling: Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Sells 40,000 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Derek Gordon Schiller sold 40,000 shares of the company’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $44.00, for a total value of $1,760,000.00. Following the transaction, the executive vice president now owns 300,233 shares of the company’s stock, valued at approximately $13,210,252. The trade was a 11.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Derek Gordon Schiller also recently made the following trade(s):

• On Friday, June 20th, Derek Gordon Schiller sold 30,000 shares of Atlanta Braves stock. The shares were sold at an average price of $45.50, for a total value of $1,365,000.00.
• 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 value of $3,117,715.00.

Atlanta Braves Price Performance

Shares of Atlanta Braves stock traded up $0.16 on Monday, hitting $49.23. The company had a trading volume of 145,637 shares, compared to its average volume of 46,394. Atlanta Braves Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $49.81. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $3.05 billion, a PE ratio of -140.65 and a beta of 0.57. The business has a 50-day simple moving average of $43.97 and a 200-day simple moving average of $42.77.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $47.21 million during the quarter, compared to analyst estimates of $36.87 million. Research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Hudson Value Partners LLC acquired a new position in Atlanta Braves in the first quarter worth approximately $3,830,000. GAMMA Investing LLC boosted its stake in shares of Atlanta Braves by 5,387.2% during the 1st quarter. GAMMA Investing LLC now owns 52,951 shares of the financial services provider’s stock worth $23,230,000 after acquiring an additional 51,986 shares in the last quarter. Nuveen LLC acquired a new position in shares of Atlanta Braves in the 1st quarter worth $1,596,000. Proficio Capital Partners LLC acquired a new position in shares of Atlanta Braves in the 4th quarter worth $901,000. Finally, Congress Park Capital LLC acquired a new stake in shares of Atlanta Braves during the first quarter worth $965,000. Institutional investors own 12.31% of the company’s stock.

Analyst Ratings Changes

BATRA has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Atlanta Braves in a research note on Thursday, February 27th. Citigroup assumed coverage on shares of Atlanta Braves in a report on Friday, June 13th. They issued a “neutral” rating and a $45.00 price objective for the company.

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.