Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Decreases By 14.7%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 178,900 shares, a decrease of 14.7% from the August 31st total of 209,700 shares. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is currently 5.5 days. Currently, 1.8% of the company’s stock are short sold.

Atlanta Braves Stock Up 0.4 %

Shares of NASDAQ:BATRA traded up $0.15 during trading on Friday, reaching $42.65. 71,757 shares of the stock were exchanged, compared to its average volume of 30,573. Atlanta Braves has a 1-year low of $36.78 and a 1-year high of $46.65. The stock has a fifty day moving average of $44.56 and a two-hundred day moving average of $42.67. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -21.33 and a beta of 0.90.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The firm had revenue of $282.88 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted ($0.55) earnings per share. Research analysts anticipate that Atlanta Braves will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanta Braves

Several large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after buying an additional 600 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Atlanta Braves by 1,607.7% in the first quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Atlanta Braves during the second quarter valued at about $26,000. Aurora Investment Counsel boosted its holdings in Atlanta Braves by 1.6% during the first quarter. Aurora Investment Counsel now owns 40,778 shares of the financial services provider’s stock worth $1,709,000 after purchasing an additional 653 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Atlanta Braves by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 17,139 shares of the financial services provider’s stock worth $708,000 after purchasing an additional 1,254 shares in the last quarter. 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.