Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Short Interest Update

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 209,700 shares, a decrease of 12.4% from the August 15th total of 239,400 shares. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 6.8 days. Currently, 2.1% of the shares of the stock are sold short.

Insider Buying and Selling

In related news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average price of $39.96 per share, with a total value of $79,920.00. Following the purchase, the insider now directly owns 7,550 shares in the company, valued at $301,698. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.83% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds have recently added to or reduced their stakes in the company. Alden Global Capital LLC bought a new stake in shares of Atlanta Braves during the 2nd quarter valued at $1,301,000. Welch Group LLC bought a new stake in Atlanta Braves in the second quarter valued at approximately $867,000. Renaissance Technologies LLC raised its stake in Atlanta Braves by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock worth $9,626,000 after buying an additional 17,000 shares during the period. Central Pacific Bank Trust Division acquired a new position in Atlanta Braves in the first quarter valued at about $692,000. Finally, MRP Capital Investments LLC increased its holdings in shares of Atlanta Braves by 67.5% in the second quarter. MRP Capital Investments LLC now owns 40,075 shares of the financial services provider’s stock worth $1,656,000 after acquiring an additional 16,150 shares in the last quarter. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Price Performance

BATRA traded up $0.26 during trading on Tuesday, hitting $43.86. The company’s stock had a trading volume of 3,768 shares, compared to its average volume of 28,936. The firm’s 50 day moving average price is $44.79 and its two-hundred day moving average price is $42.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -21.94 and a beta of 0.90. Atlanta Braves has a 12 month low of $36.78 and a 12 month high of $46.65.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. Atlanta Braves had a negative net margin of 9.18% and a negative return on equity of 11.36%. During the same period in the previous year, the firm posted ($0.55) earnings per share. Sell-side analysts forecast that Atlanta Braves will post -0.39 earnings per share 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.