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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 1,770,000 shares, a growth of 20.4% from the September 30th total of 1,470,000 shares. Based on an average trading volume of 285,500 shares, the short-interest ratio is currently 6.2 days. Approximately 4.8% of the shares of the company are sold short.

Atlanta Braves Stock Down 0.8 %

BATRK traded down $0.31 during trading on Tuesday, reaching $39.89. The stock had a trading volume of 18,949 shares, compared to its average volume of 222,846. Atlanta Braves has a 1-year low of $33.95 and a 1-year high of $44.42. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -20.00 and a beta of 0.71. The stock has a 50 day moving average of $40.94 and a two-hundred day moving average of $40.36.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same quarter last year, the company earned ($0.55) EPS. On average, research analysts forecast that Atlanta Braves will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanta Braves

A number of institutional investors and hedge funds have recently bought and sold shares of BATRK. Redmont Wealth Advisors LLC increased its holdings in shares of Atlanta Braves by 4.2% in the first quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock valued at $601,000 after buying an additional 614 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Atlanta Braves during the first quarter valued at $721,000. Diversify Advisory Services LLC purchased a new stake in shares of Atlanta Braves during the first quarter valued at $763,000. Janney Montgomery Scott LLC boosted its position in shares of Atlanta Braves by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,820 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 780 shares during the period. Finally, Quent Capital LLC increased its stake in Atlanta Braves by 568.4% in the 1st 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. 64.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Rosenblatt Securities dropped their price target on shares of 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 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.