Teacher Retirement System of Texas Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Teacher Retirement System of Texas bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,316 shares of the financial services provider's stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BATRK. T. Rowe Price Investment Management Inc. raised its stake in shares of Atlanta Braves by 256.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider's stock valued at $64,694,000 after purchasing an additional 1,215,948 shares in the last quarter. Aristeia Capital L.L.C. raised its position in Atlanta Braves by 34.5% in the 4th quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock worth $92,373,000 after purchasing an additional 618,887 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Atlanta Braves in the 1st quarter valued at about $12,077,000. Troluce Capital Advisors LLC bought a new stake in shares of Atlanta Braves in the fourth quarter worth $10,751,000. Finally, Tudor Investment Corp ET AL grew its holdings in Atlanta Braves by 44.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 456,000 shares of the financial services provider's stock worth $17,447,000 after purchasing an additional 139,952 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 72,505 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total transaction of $3,117,715.00. Following the sale, the executive vice president owned 300,233 shares in the company, valued at approximately $12,910,019. The trade was a 19.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deretta C. Rhodes sold 5,000 shares of the firm's 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 owned 3,112 shares in the company, valued at approximately $128,214.40. The trade was a 61.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,372 shares of company stock worth $9,451,951.

Atlanta Braves Price Performance

Atlanta Braves stock traded down $0.23 during midday trading on Monday, hitting $46.37. The company's stock had a trading volume of 129,614 shares, compared to its average volume of 292,854. The company has a 50-day moving average price of $43.55 and a two-hundred day moving average price of $40.55. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -132.48 and a beta of 0.68. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $48.05.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The company had revenue of $47.21 million during the quarter, compared to analysts' expectations of $36.87 million. Sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on BATRK shares. Citigroup upgraded Atlanta Braves to a "hold" rating and set a $45.00 target price for the company in a research report on Friday, June 13th. Rosenblatt Securities increased their price objective on shares of Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, Wall Street Zen upgraded Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Atlanta Braves Company Profile

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.