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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 1,940,000 shares, a drop of 9.3% from the October 31st total of 2,140,000 shares. Based on an average daily trading volume, of 328,200 shares, the short-interest ratio is currently 5.9 days. Approximately 5.3% of the company’s stock are sold short.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $40.38 on Wednesday. The company has a market capitalization of $2.05 billion, a P/E ratio of -55.32 and a beta of 0.68. Atlanta Braves has a fifty-two week low of $35.46 and a fifty-two week high of $44.42. The stock has a 50-day simple moving average of $40.16 and a 200-day simple moving average of $40.74.

Hedge Funds Weigh In On Atlanta Braves

Hedge funds have recently modified their holdings of the business. Aristeia Capital L.L.C. grew its position in Atlanta Braves by 42.9% in the 2nd quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider’s stock valued at $52,119,000 after buying an additional 396,720 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its position in Atlanta Braves by 54.6% in the second quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider’s stock valued at $21,387,000 after purchasing an additional 191,478 shares during the period. HBK Investments L P lifted its holdings in shares of Atlanta Braves by 57.0% in the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock valued at $19,104,000 after buying an additional 174,300 shares during the period. Harbor Capital Advisors Inc. raised its position in Atlanta Braves by 76.9% in the third quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock worth $12,554,000 after acquiring an additional 137,124 shares in the last quarter. Finally, Harvey Partners LLC lifted its holdings in Atlanta Braves by 14.6% in the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock valued at $20,179,000 after acquiring an additional 64,500 shares during the period. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Rosenblatt Securities dropped their price target on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

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.