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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,140,000 shares, an increase of 20.9% from the October 15th total of 1,770,000 shares. Currently, 5.8% of the shares of the company are sold short. Based on an average daily volume of 302,500 shares, the short-interest ratio is presently 7.1 days.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities decreased their target price on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Institutional Trading of Atlanta Braves

Several institutional investors have recently added to or reduced their stakes in BATRK. Quent Capital LLC boosted its stake in shares of Atlanta Braves by 568.4% during the third quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,404 shares during the period. Hahn Capital Management LLC raised its holdings in Atlanta Braves by 33.7% during the 2nd quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock valued at $77,000 after buying an additional 495 shares during the last quarter. nVerses Capital LLC purchased a new stake in Atlanta Braves during the 2nd quarter valued at $95,000. OFI Invest Asset Management bought a new stake in Atlanta Braves in the 2nd quarter worth $156,000. Finally, Quest Partners LLC increased its position in shares of Atlanta Braves by 28,820.0% in the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 4,323 shares during the period. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Stock Performance

Shares of BATRK opened at $40.07 on Friday. Atlanta Braves has a fifty-two week low of $35.37 and a fifty-two week high of $44.42. The firm has a 50 day moving average price of $40.33 and a 200-day moving average price of $40.58. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -54.89 and a beta of 0.70.

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.