Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) EVP Sells $1,365,000.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) EVP Derek Gordon Schiller sold 30,000 shares of the 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 completion of the transaction, the executive vice president now owns 300,233 shares of the company’s stock, valued at $13,660,601.50. This represents a 9.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction of $1,760,000.00.
• 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 transaction of $3,117,715.00.

Atlanta Braves Price Performance

BATRK traded up $0.51 during trading on Monday, hitting $46.50. The company’s stock had a trading volume of 610,146 shares, compared to its average volume of 292,736. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $47.43. The stock has a market cap of $2.39 billion, a PE ratio of -132.85 and a beta of 0.55. The firm’s 50 day moving average price is $40.71 and its 200-day moving average price is $39.49.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million during the quarter, compared to analysts’ expectations of $36.87 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Citigroup upgraded shares of Atlanta Braves to a “hold” rating and set a $45.00 target price on the stock in a report on Friday, June 13th. Finally, Rosenblatt Securities lifted their price target on shares of Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a report on Friday.

Institutional Trading of Atlanta Braves

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BATRK. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Atlanta Braves by 256.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider’s stock worth $64,694,000 after acquiring an additional 1,215,948 shares during the period. Wellington Management Group LLP grew its holdings in Atlanta Braves by 105.9% in the first quarter. Wellington Management Group LLP now owns 1,348,113 shares of the financial services provider’s stock valued at $53,938,000 after purchasing an additional 693,351 shares during the period. Aristeia Capital L.L.C. increased its position in Atlanta Braves by 34.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider’s stock worth $92,373,000 after purchasing an additional 618,887 shares during the last quarter. Irenic Capital Management LP acquired a new position in Atlanta Braves during the first quarter worth approximately $15,794,000. Finally, Broad Bay Capital Management LP raised its stake in Atlanta Braves by 24.3% during the first quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider’s stock worth $69,333,000 after purchasing an additional 338,655 shares during the period. Hedge funds and other institutional investors own 64.88% 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.