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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 209,700 shares, a decline of 12.4% from the August 15th total of 239,400 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 6.8 days. Currently, 2.1% of the shares of the stock are short sold.

Atlanta Braves Trading Down 0.1 %

Shares of NASDAQ BATRA traded down $0.04 on Monday, reaching $43.60. 33,688 shares of the company traded hands, compared to its average volume of 29,077. Atlanta Braves has a fifty-two week low of $36.78 and a fifty-two week high of $46.65. The company has a 50 day moving average of $44.79 and a 200 day moving average of $42.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $2.70 billion, a PE ratio of -21.80 and a beta of 0.90.

Atlanta Braves (NASDAQ:BATRA) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 EPS 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 company had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. During the same quarter in the prior year, the company posted ($0.55) EPS. On average, equities research analysts forecast that Atlanta Braves will post -0.39 earnings per share for the current fiscal year.

Insider Activity at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of $39.96 per share, with a total value of $79,920.00. Following the purchase, the insider now owns 7,550 shares of the company’s stock, valued at approximately $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BATRA. Nisa Investment Advisors LLC grew its holdings in shares of Atlanta Braves by 1,500.0% during the 2nd 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 during the period. Quent Capital LLC grew its holdings 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 stake in shares of Atlanta Braves during the 2nd quarter worth about $26,000. Aurora Investment Counsel grew its holdings in shares of Atlanta Braves by 1.6% during the 1st 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 period. Finally, Rhumbline Advisers grew its holdings in shares of Atlanta Braves by 7.9% during 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 during the period. Institutional investors and hedge funds own 12.31% of the company’s stock.

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.