Teacher Retirement System of Texas Invests $253,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Teacher Retirement System of Texas purchased a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,316 shares of the financial services provider's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp boosted its position in Atlanta Braves by 4.9% in the fourth quarter. Stifel Financial Corp now owns 6,007 shares of the financial services provider's stock valued at $230,000 after buying an additional 280 shares in the last quarter. LPL Financial LLC boosted its position in Atlanta Braves by 4.1% in the fourth quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider's stock valued at $290,000 after buying an additional 302 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of Atlanta Braves by 3.6% during the first quarter. Moran Wealth Management LLC now owns 13,396 shares of the financial services provider's stock worth $536,000 after purchasing an additional 461 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Atlanta Braves by 25.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock worth $87,000 after purchasing an additional 463 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Atlanta Braves by 8.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,966 shares of the financial services provider's stock worth $228,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company's stock.

Analyst Ratings Changes

BATRK has been the subject of a number of recent research reports. Wall Street Zen raised shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Rosenblatt Securities raised their target price on Atlanta Braves from $52.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Finally, Citigroup upgraded Atlanta Braves to a "hold" rating and set a $45.00 target price on the stock in a report on Friday, June 13th.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder Mario J. Gabelli purchased 1,549 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average cost of $43.45 per share, for a total transaction of $67,304.05. Following the completion of the purchase, the insider owned 27,152 shares of the company's stock, valued at approximately $1,179,754.40. The trade was a 6.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Plant sold 69,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the completion of the transaction, the executive vice president owned 205,593 shares in the company, valued at $8,840,499. This trade represents a 25.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 217,372 shares of company stock valued at $9,451,951. Corporate insiders own 11.43% of the company's stock.

Atlanta Braves Price Performance

NASDAQ BATRK traded up $0.13 on Wednesday, hitting $46.75. 236,557 shares of the stock were exchanged, compared to its average volume of 293,097. The business's fifty day moving average is $43.88 and its 200 day moving average is $40.69. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $47.18. The company has a market capitalization of $2.40 billion, a PE ratio of -133.57 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its earnings results 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 business had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

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.