Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 209,700 shares, a decrease of 12.4% from the August 15th total of 239,400 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is presently 6.8 days.
Atlanta Braves Stock Up 0.4 %
BATRA stock traded up $0.16 during mid-day trading on Wednesday, hitting $43.90. 6,719 shares of the company were exchanged, compared to its average volume of 28,956. Atlanta Braves has a 1-year low of $36.78 and a 1-year high of $46.65. 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 firm’s 50 day simple moving average is $44.82 and its 200 day simple moving average is $42.59. The firm has a market cap of $2.72 billion, a P/E ratio of -21.87 and a beta of 0.90.
Atlanta Braves (NASDAQ:BATRA – Get Free Report) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The firm had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same period in the prior year, the company posted ($0.55) EPS. On average, sell-side analysts predict that Atlanta Braves will post -0.39 EPS for the current fiscal year.
Insider Buying and Selling
Institutional Trading of Atlanta Braves
Institutional investors have recently added to or reduced their stakes in the stock. SageView Advisory Group LLC purchased a new stake in shares of Atlanta Braves during the fourth quarter valued at $265,000. Gabelli Funds LLC boosted its stake in Atlanta Braves by 0.5% during the fourth quarter. Gabelli Funds LLC now owns 831,200 shares of the financial services provider’s stock worth $35,559,000 after buying an additional 4,000 shares during the period. Chickasaw Capital Management LLC grew its holdings in shares of Atlanta Braves by 2.9% in the first quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock worth $2,719,000 after purchasing an additional 1,825 shares during the last quarter. BlueChip Wealth Advisors LLC bought a new stake in Atlanta Braves during the 1st quarter valued at $296,000. Finally, Quent Capital LLC boosted its position in Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares in the last quarter. Hedge funds and other institutional investors 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.
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