Insider Selling: Atlanta Braves (NASDAQ:BATRA) Major Shareholder Sells $49,709.00 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $45.19, for a total value of $49,709.00. Following the completion of the sale, the insider owned 1,800 shares of the company’s stock, valued at $81,342. The trade was a 37.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Thursday, September 18th, Gamco Investors, Inc. Et Al sold 800 shares of Atlanta Braves stock. The stock was sold at an average price of $45.49, for a total value of $36,392.00.

Atlanta Braves Trading Up 0.4%

NASDAQ:BATRA opened at $45.61 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.64 and a quick ratio of 0.64. Atlanta Braves Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $50.50. The stock’s 50-day moving average is $47.27 and its two-hundred day moving average is $45.41. The stock has a market cap of $2.86 billion, a PE ratio of -130.31 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. The business had revenue of $312.44 million during the quarter, compared to analysts’ expectations of $295.86 million. Atlanta Braves had a negative net margin of 2.99% and a negative return on equity of 3.98%. As a group, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in Atlanta Braves by 13.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,623 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 668 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Atlanta Braves by 52.6% during the 2nd quarter. Squarepoint Ops LLC now owns 11,575 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 3,991 shares during the period. State of Wyoming acquired a new position in shares of Atlanta Braves during the second quarter valued at about $70,000. Tower Research Capital LLC TRC raised its position in shares of Atlanta Braves by 35.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,774 shares of the financial services provider’s stock valued at $87,000 after buying an additional 463 shares during the last quarter. Finally, Northeast Financial Consultants Inc bought a new stake in shares of Atlanta Braves in the second quarter valued at about $236,000. Institutional investors own 12.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup assumed coverage on Atlanta Braves in a research note on Friday, June 13th. They issued a “neutral” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Atlanta Braves currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

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.