Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Expands By 12.4%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,630,000 shares, a growth of 12.4% from the August 31st total of 1,450,000 shares. Based on an average trading volume of 259,500 shares, the short-interest ratio is currently 6.3 days. Approximately 4.5% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Rosenblatt Securities decreased their price target on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

Institutional Investors Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently modified their holdings of the company. Quent Capital LLC increased its stake in Atlanta Braves by 568.4% during the 1st quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after buying an additional 1,404 shares during the period. Hahn Capital Management LLC increased its position in shares of Atlanta Braves by 33.7% during the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 495 shares during the period. nVerses Capital LLC acquired a new stake in shares of Atlanta Braves in the second quarter valued at $95,000. Brown Brothers Harriman & Co. raised its stake in shares of Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 583 shares in the last quarter. Finally, Mango Investments LLC purchased a new position in Atlanta Braves in the fourth quarter valued at $107,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Price Performance

Shares of BATRK opened at $39.80 on Tuesday. The firm has a 50-day simple moving average of $41.94 and a two-hundred day simple moving average of $40.19. The stock has a market cap of $2.02 billion, a PE ratio of -19.90 and a beta of 0.72. Atlanta Braves has a 1-year low of $33.95 and a 1-year high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same quarter last year, the business posted ($0.55) EPS. As a group, sell-side analysts expect that Atlanta Braves will post -0.31 earnings per share for the current fiscal year.

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.