Atlanta Braves (NASDAQ:BATRA) Stock: Insider Derek Gordon Schiller Sells 175,395 Shares

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) EVP Derek Gordon Schiller sold 175,395 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $53.20, for a total transaction of $9,331,014.00. Following the transaction, the executive vice president directly owned 316,908 shares of the company’s stock, valued at approximately $16,859,505.60. This trade represents a 35.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Atlanta Braves Trading Down 0.3%

Shares of NASDAQ BATRA traded down $0.19 during trading hours on Thursday, hitting $57.84. The company’s stock had a trading volume of 82,806 shares, compared to its average volume of 64,438. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -57.27 and a beta of 0.64. Atlanta Braves Holdings, Inc. has a 12 month low of $41.50 and a 12 month high of $60.48. The business has a 50-day simple moving average of $55.95 and a 200-day simple moving average of $54.02.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48). The business had revenue of $305.12 million for the quarter, compared to analysts’ expectations of $317.09 million. Atlanta Braves had a negative net margin of 8.56% and a negative return on equity of 7.45%. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds and other institutional investors have recently modified their holdings of BATRA. Grove Bank & Trust bought a new position in Atlanta Braves in the second quarter worth about $28,000. Nykredit A S bought a new stake in Atlanta Braves during the 2nd quarter valued at approximately $87,000. Fifth Third Bancorp bought a new stake in Atlanta Braves during the 1st quarter valued at approximately $154,000. Waverly Advisors LLC purchased a new position in shares of Atlanta Braves during the 2nd quarter worth approximately $230,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Atlanta Braves during the 2nd quarter worth approximately $238,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has a consensus rating of “Reduce”.

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.