Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Sees Large Increase in Short Interest

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,010,000 shares, a growth of 5.2% from the January 15th total of 1,910,000 shares. Currently, 5.5% of the shares of the company are short sold. Based on an average daily trading volume, of 294,900 shares, the short-interest ratio is presently 6.8 days.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK opened at $39.96 on Monday. Atlanta Braves has a 52 week low of $35.81 and a 52 week high of $44.42. The stock has a market capitalization of $2.03 billion, a P/E ratio of -54.74 and a beta of 0.73. The stock’s fifty day moving average is $38.49 and its 200 day moving average is $40.06.

Insiders Place Their Bets

In related news, major shareholder John C. Malone purchased 5,094 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought 45,232 shares of company stock worth $1,876,845 in the last 90 days. Company insiders own 11.43% of the company’s stock.

Institutional Trading of Atlanta Braves

A number of hedge funds have recently made changes to their positions in BATRK. Federated Hermes Inc. acquired a new position in shares of Atlanta Braves in the fourth quarter worth approximately $40,000. R Squared Ltd acquired a new position in shares of Atlanta Braves in the fourth quarter worth approximately $41,000. PNC Financial Services Group Inc. lifted its stake in shares of Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 463 shares during the period. US Bancorp DE lifted its stake in shares of Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 430 shares during the period. Finally, nVerses Capital LLC lifted its stake in shares of Atlanta Braves by 25.0% in the third quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 600 shares during the period. 64.88% 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.