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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 823,700 shares, a growth of 11.3% from the May 15th total of 739,900 shares. Based on an average daily trading volume, of 174,700 shares, the days-to-cover ratio is presently 4.7 days. Approximately 2.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Atlanta Braves

Hedge funds and other institutional investors have recently modified their holdings of the business. Delphi Management Inc. MA increased its holdings in Atlanta Braves by 12.2% in the 1st quarter. Delphi Management Inc. MA now owns 46,843 shares of the financial services provider’s stock valued at $1,830,000 after purchasing an additional 5,089 shares during the last quarter. California State Teachers Retirement System grew its position in Atlanta Braves by 4.4% in the 1st quarter. California State Teachers Retirement System now owns 47,635 shares of the financial services provider’s stock valued at $1,861,000 after acquiring an additional 2,004 shares in the last quarter. Janus Henderson Group PLC increased its stake in Atlanta Braves by 3.3% during the first quarter. Janus Henderson Group PLC now owns 661,845 shares of the financial services provider’s stock worth $25,851,000 after purchasing an additional 21,053 shares during the period. Bayberry Capital Partners LP lifted its position in shares of Atlanta Braves by 13.0% during the first quarter. Bayberry Capital Partners LP now owns 330,000 shares of the financial services provider’s stock worth $12,890,000 after purchasing an additional 38,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Atlanta Braves by 14.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,995 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 1,650 shares during the period. 64.88% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Trading Down 0.5 %

Shares of BATRK stock traded down $0.18 on Monday, hitting $39.35. 46,779 shares of the stock traded hands, compared to its average volume of 175,999. Atlanta Braves has a twelve month low of $33.95 and a twelve month high of $50.15. The firm’s 50-day moving average price is $38.85 and its two-hundred day moving average price is $38.97.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.19). The firm had revenue of $37.08 million for the quarter, compared to analyst estimates of $39.63 million. As a group, equities analysts predict that Atlanta Braves will post -0.46 earnings per share for the current 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.