Insider Selling: Atlanta Braves (NASDAQ:BATRA) EVP Sells 80,263 Shares of Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Get Free Report) EVP Gregory John Heller sold 80,263 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 22,741 shares in the company, valued at approximately $1,225,512.49. The trade was a 77.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Atlanta Braves Stock Down 0.3%

Shares of BATRA traded down $0.19 during midday trading on Thursday, reaching $57.84. 82,806 shares of the stock were exchanged, compared to its average volume of 64,438. The company 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 quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.06. Atlanta Braves Holdings, Inc. has a 12-month low of $41.50 and a 12-month high of $60.48. The firm has a 50 day simple moving average of $55.95 and a 200-day simple moving average of $54.02.

Atlanta Braves (NASDAQ:BATRA – Get Free Report) last announced its quarterly 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). Atlanta Braves had a negative net margin of 8.56% and a negative return on equity of 7.45%. The firm had revenue of $305.12 million during the quarter, compared to the consensus estimate of $317.09 million. Research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC boosted its holdings in 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 raised its position in shares of Atlanta Braves by 36.4% during the first quarter. Renaissance Technologies LLC now owns 334,700 shares of the financial services provider’s stock valued at $15,781,000 after buying an additional 89,300 shares during the last quarter. State Street Corp lifted its stake in shares of Atlanta Braves by 10.6% in the second quarter. State Street Corp now owns 238,949 shares of the financial services provider’s stock valued at $13,455,000 after buying an additional 22,888 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Atlanta Braves by 5.4% in the first 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 during the period. Finally, Hudson Value Partners LLC lifted its stake in shares of Atlanta Braves by 7.2% in the second 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 during the period. Institutional investors and hedge funds own 12.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on BATRA

Atlanta Braves Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Atlanta Braves (NASDAQ:BATRA)

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