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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 265,000 shares, a decline of 7.8% from the November 15th total of 287,300 shares. Based on an average daily volume of 41,300 shares, the short-interest ratio is presently 6.4 days. Currently, 2.7% of the shares of the stock are sold short.

Atlanta Braves Price Performance

BATRA stock traded up $0.07 during midday trading on Tuesday, reaching $41.59. 6,770 shares of the company’s stock traded hands, compared to its average volume of 32,531. The company has a 50-day simple moving average of $42.38 and a two-hundred day simple moving average of $43.10. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. Atlanta Braves has a 1-year low of $39.67 and a 1-year high of $46.65. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -56.88 and a beta of 0.80.

Hedge Funds Weigh In On Atlanta Braves

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position 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 valued at $9,626,000 after purchasing an additional 17,000 shares during the period. Aurora Investment Counsel lifted its holdings in Atlanta Braves by 12.1% in the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock valued at $1,890,000 after buying an additional 4,945 shares during the period. Alden Global Capital LLC bought a new position in Atlanta Braves in the second quarter valued at approximately $1,301,000. GAMMA Investing LLC grew its holdings in Atlanta Braves by 5,336.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,014 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Atlanta Braves by 1,500.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 600 shares during the last quarter. 12.31% of the stock is currently owned by institutional investors and hedge funds.

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.