Deretta C. Rhodes Sells 5,000 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock

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

Atlanta Braves Price Performance

NASDAQ BATRK opened at $41.43 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -56.75 and a beta of 0.56. The company’s fifty day moving average price is $39.22 and its two-hundred day moving average price is $39.26.

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Atlanta Braves to a “sell” rating in a research report on Friday, February 28th.

Hedge Funds Weigh In On Atlanta Braves

Several large investors have recently bought and sold shares of BATRK. Barclays PLC increased its stake in Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock valued at $3,276,000 after buying an additional 50,702 shares during the period. JPMorgan Chase & Co. increased its stake in Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after buying an additional 92,248 shares during the period. Diversify Advisory Services LLC increased its stake in Atlanta Braves by 3.1% during the 4th quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider’s stock valued at $560,000 after buying an additional 474 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Atlanta Braves by 17,744.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,885 shares of the financial services provider’s stock valued at $416,000 after buying an additional 10,824 shares during the period. Finally, Sheets Smith Wealth Management increased its stake in Atlanta Braves by 3.8% during the 4th quarter. Sheets Smith Wealth Management now owns 18,936 shares of the financial services provider’s stock valued at $724,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

About Atlanta Braves

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.