Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Grows By 20.8%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 216,200 shares, a growth of 20.8% from the September 15th total of 178,900 shares. Based on an average trading volume of 34,200 shares, the short-interest ratio is presently 6.3 days. Approximately 2.2% of the company’s shares are sold short.

Institutional Trading of Atlanta Braves

Several hedge funds and other institutional investors have recently modified their holdings of BATRA. Gabelli Funds LLC increased its stake in Atlanta Braves by 0.8% in the 2nd quarter. Gabelli Funds LLC now owns 837,521 shares of the financial services provider’s stock valued at $34,615,000 after buying an additional 6,321 shares during the last quarter. Vanguard Group Inc. grew its stake in Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock valued at $25,496,000 after purchasing an additional 13,486 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Atlanta Braves by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 17,000 shares during the last quarter. Chickasaw Capital Management LLC boosted its holdings in shares of Atlanta Braves by 2.9% in the 1st quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock valued at $2,719,000 after buying an additional 1,825 shares during the last quarter. Finally, Aurora Investment Counsel lifted its stake in Atlanta Braves by 12.1% in the second quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 4,945 shares during the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Stock Up 2.3 %

Shares of NASDAQ:BATRA opened at $43.14 on Wednesday. The company has a market capitalization of $2.67 billion, a PE ratio of -21.57 and a beta of 0.88. Atlanta Braves has a 52 week low of $36.78 and a 52 week 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 company has a 50 day moving average price of $43.86 and a two-hundred day moving average price of $42.78.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly 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. 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 quarter in the previous year, the firm posted ($0.55) earnings per share. Analysts forecast that Atlanta Braves will post -0.39 earnings per share for the current year.

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.