Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Rises By 27.5%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,050,000 shares, an increase of 27.5% from the May 31st total of 823,700 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 173,900 shares, the days-to-cover ratio is presently 6.0 days.

Wall Street Analyst Weigh In

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

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was acquired at an average price of $39.96 per share, with a total value of $79,920.00. Following the transaction, the insider now owns 7,550 shares in the company, valued at $301,698. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Atlanta Braves

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quent Capital LLC boosted its position in Atlanta Braves by 568.4% during the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,404 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position 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 purchasing an additional 583 shares in the last quarter. Mango Investments LLC bought a new stake in Atlanta Braves during the fourth quarter valued at about $107,000. SageView Advisory Group LLC bought a new stake in Atlanta Braves during the fourth quarter valued at about $206,000. Finally, Scarborough Advisors LLC bought a new stake in Atlanta Braves during the fourth quarter valued at about $199,000. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Stock Performance

NASDAQ:BATRK opened at $39.04 on Tuesday. The stock’s fifty day moving average is $38.96 and its 200 day moving average is $39.12. Atlanta Braves has a fifty-two week low of $33.95 and a fifty-two week high of $50.15. The firm has a market capitalization of $1.98 billion and a PE ratio of -19.52.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The business had revenue of $37.08 million during the quarter, compared to analyst estimates of $39.63 million. Equities analysts forecast that Atlanta Braves will post -0.46 EPS for the current 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.