Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Sees Large Increase in Short Interest

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 977,800 shares, an increase of 10.3% from the March 31st total of 886,500 shares. Based on an average daily trading volume, of 165,500 shares, the short-interest ratio is presently 5.9 days. Approximately 2.6% of the shares of the company are short sold.

Atlanta Braves Trading Up 1.3 %

NASDAQ:BATRK opened at $37.93 on Thursday. Atlanta Braves has a one year low of $33.95 and a one year high of $50.15. The company has a fifty day moving average price of $38.49 and a 200 day moving average price of $38.09.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The company had revenue of $67.75 million for the quarter, compared to analysts’ expectations of $61.94 million. On average, equities analysts expect that Atlanta Braves will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Atlanta Braves from a “c-” rating to a “d+” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds have recently made changes to their positions in BATRK. Walleye Capital LLC acquired a new position in shares of Atlanta Braves in the 3rd quarter valued at $19,205,000. Vanguard Group Inc. grew its holdings in shares of Atlanta Braves by 20.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock worth $83,750,000 after purchasing an additional 396,079 shares during the last quarter. Breach Inlet Capital Management LLC bought a new stake in shares of Atlanta Braves in the 4th quarter worth about $15,556,000. Freshford Capital Management LLC grew its holdings in shares of Atlanta Braves by 84.9% in the 4th quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider’s stock worth $30,174,000 after purchasing an additional 350,000 shares during the last quarter. Finally, Broad Bay Capital Management LP grew its holdings in shares of Atlanta Braves by 17.4% in the 4th quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock worth $80,102,000 after purchasing an additional 300,000 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

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.