Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Deretta C. Rhodes Sells 5,000 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Deretta C. Rhodes sold 5,000 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total value of $206,000.00. Following the completion of the transaction, the executive vice president now owns 3,112 shares of the company’s stock, valued at $128,214.40. The trade was a 61.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Atlanta Braves Price Performance

Shares of BATRA stock opened at $44.83 on Friday. The stock’s fifty day moving average is $42.97 and its 200-day moving average is $42.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $2.77 billion, a PE ratio of -61.41 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analysts’ expectations of $36.87 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. Equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 27th.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its holdings in Atlanta Braves by 1.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock valued at $92,257,000 after acquiring an additional 21,955 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Atlanta Braves by 0.8% during the first quarter. Vanguard Group Inc. now owns 594,802 shares of the financial services provider’s stock worth $26,094,000 after buying an additional 4,959 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Atlanta Braves by 7.7% during the fourth quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider’s stock worth $11,595,000 after buying an additional 20,200 shares during the last quarter. Northern Trust Corp boosted its holdings in Atlanta Braves by 0.5% during the fourth quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock worth $3,902,000 after buying an additional 436 shares during the last quarter. Finally, Hudson Value Partners LLC acquired a new stake in shares of Atlanta Braves during the first quarter worth about $3,830,000. 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.