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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the target 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 daily trading volume, of 259,500 shares, the short-interest ratio is presently 6.3 days. Approximately 4.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Atlanta Braves Trading Down 1.0 %

BATRK stock traded down $0.40 during midday trading on Monday, reaching $39.92. 108,870 shares of the company’s stock traded hands, compared to its average volume of 213,237. The stock’s 50-day moving average is $42.00 and its 200 day moving average is $40.18. The stock has a market cap of $2.02 billion, a P/E ratio of -20.16 and a beta of 0.72. Atlanta Braves has a 52-week low of $33.95 and a 52-week high of $44.42.

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

Institutional Investors Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC grew its position in shares of Atlanta Braves by 568.4% during the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,404 shares in the last quarter. Hahn Capital Management LLC lifted its holdings in shares of Atlanta Braves by 33.7% in the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after buying an additional 495 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Atlanta Braves during the second quarter worth $95,000. Brown Brothers Harriman & Co. grew its stake in Atlanta Braves by 31.2% during 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 bought a new stake in Atlanta Braves in the 4th quarter valued at $107,000. 64.88% of the stock is owned by institutional investors.

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.