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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 209,700 shares, a drop of 12.4% from the August 15th total of 239,400 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 6.8 days.

Atlanta Braves Stock Up 0.6 %

NASDAQ BATRA traded up $0.26 during trading hours on Tuesday, hitting $43.86. 3,768 shares of the company traded hands, compared to its average volume of 28,936. Atlanta Braves has a twelve month low of $36.78 and a twelve month high of $46.65. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -21.94 and a beta of 0.90. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50-day moving average is $44.79 and its 200-day moving average is $42.58.

Atlanta Braves (NASDAQ:BATRA) last released 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 $0.32 by $0.14. The business had revenue of $282.88 million during the quarter, compared to analysts’ expectations of $288.20 million. Atlanta Braves had a negative net margin of 9.18% and a negative return on equity of 11.36%. During the same period last year, the business earned ($0.55) earnings per share. Sell-side analysts anticipate that Atlanta Braves will post -0.39 earnings per share for the current year.

Insider Buying and Selling 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 that occurred 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 completion of the transaction, the insider now owns 7,550 shares in the company, valued at $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.83% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently made changes to their positions in the company. Aurora Investment Counsel raised its stake in Atlanta Braves by 12.1% in the 2nd quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 4,945 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Atlanta Braves during the second quarter worth approximately $239,000. Alden Global Capital LLC acquired a new stake in shares of Atlanta Braves in the second quarter valued at approximately $1,301,000. Marshall Wace LLP bought a new stake in shares of Atlanta Braves in the second quarter valued at approximately $221,000. Finally, Gabelli Funds LLC grew its position in Atlanta Braves by 0.8% during the second quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock worth $34,615,000 after buying an additional 6,321 shares in the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

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.