Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Increases By 28.9%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 349,500 shares, a growth of 28.9% from the January 15th total of 271,200 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is currently 6.9 days. Approximately 3.5% of the company’s stock are short sold.

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone bought 24,646 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $41.94 per share, for a total transaction of $1,033,653.24. Following the acquisition, the insider now directly owns 211,358 shares of the company’s stock, valued at approximately $8,864,354.52. This trade represents a 13.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 45,232 shares of company stock worth $1,876,845 over the last quarter. Corporate insiders own 4.83% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in Atlanta Braves in the fourth quarter worth approximately $901,000. Gamco Investors INC. ET AL increased its stake in shares of Atlanta Braves by 1.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock worth $92,257,000 after purchasing an additional 21,955 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Atlanta Braves by 69.0% during the 4th quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider’s stock worth $2,039,000 after purchasing an additional 20,399 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Atlanta Braves by 7.7% during the 4th quarter. Renaissance Technologies LLC now owns 284,200 shares of the financial services provider’s stock valued at $11,595,000 after purchasing an additional 20,200 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Atlanta Braves by 376.1% in the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 12,775 shares during the last quarter. 12.31% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Stock Down 0.2 %

BATRA traded down $0.10 on Friday, reaching $43.81. 34,856 shares of the company traded hands, compared to its average volume of 62,685. Atlanta Braves has a 52-week low of $38.90 and a 52-week high of $46.65. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -60.01 and a beta of 0.80. The stock’s 50 day moving average price is $41.37 and its 200-day moving average price is $42.64.

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.