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
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
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.
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