Troluce Capital Advisors LLC Boosts Stake in Atlanta Braves Holdings, Inc. $BATRK

Troluce Capital Advisors LLC increased its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 274.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,000,000 shares of the financial services provider’s stock after purchasing an additional 1,466,584 shares during the period. Atlanta Braves makes up 5.2% of Troluce Capital Advisors LLC’s portfolio, making the stock its biggest position. Troluce Capital Advisors LLC’s holdings in Atlanta Braves were worth $85,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BATRK. Comerica Bank grew its stake in shares of Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 319 shares during the period. AQR Capital Management LLC acquired a new stake in Atlanta Braves in the 1st quarter valued at $382,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Atlanta Braves by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,839 shares of the financial services provider’s stock valued at $1,194,000 after buying an additional 1,302 shares in the last quarter. Jones Financial Companies Lllp grew its position in Atlanta Braves by 12,972.7% in the first quarter. Jones Financial Companies Lllp now owns 18,694 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 18,551 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Atlanta Braves by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 269,383 shares of the financial services provider’s stock valued at $10,778,000 after acquiring an additional 21,883 shares during the period. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BATRK shares. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Morgan Stanley lowered shares of Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 target price on the stock. in a report on Wednesday, July 15th. Rosenblatt Securities increased their target price on shares of Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.50.

Atlanta Braves Price Performance

NASDAQ BATRK opened at $50.28 on Monday. The firm has a market cap of $2.66 billion, a PE ratio of -139.67 and a beta of 0.68. Atlanta Braves Holdings, Inc. has a one year low of $37.76 and a one year high of $53.25. The stock’s 50 day simple moving average is $50.83 and its 200 day simple moving average is $46.16.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.83) by $0.20. The business had revenue of $72.01 million during the quarter, compared to the consensus estimate of $64.60 million. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.06 earnings per share for the current year.

About Atlanta Braves

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.