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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 282,800 shares, an increase of 30.8% from the September 30th total of 216,200 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 35,800 shares, the short-interest ratio is presently 7.9 days.

Atlanta Braves Trading Down 1.0 %

NASDAQ BATRA opened at $42.36 on Wednesday. Atlanta Braves has a 52 week low of $36.78 and a 52 week high of $46.65. The company has a 50 day moving average price of $43.51 and a 200 day moving average price of $42.85. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm has a market cap of $2.62 billion, a PE ratio of -21.18 and a beta of 0.88.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings data 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. Atlanta Braves had a negative net margin of 9.18% and a negative return on equity of 11.36%. The firm had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same period in the previous year, the company earned ($0.55) earnings per share. As a group, sell-side analysts forecast that Atlanta Braves will post -0.39 EPS for the current fiscal year.

Institutional Trading of Atlanta Braves

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in Atlanta Braves by 1,500.0% during the second quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Quent Capital LLC grew its stake in shares of Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares during the period. Whittier Trust Co. purchased a new position in Atlanta Braves in the second quarter valued at about $26,000. Aurora Investment Counsel increased its stake in Atlanta Braves by 1.6% in the 1st quarter. Aurora Investment Counsel now owns 40,778 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 653 shares in the last quarter. Finally, US Bancorp DE purchased a new position in shares of Atlanta Braves in the third quarter valued at $28,000. 12.31% of the stock is owned by institutional investors and hedge funds.

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.