Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Expands By 28.9%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 349,500 shares, an increase of 28.9% from the January 15th total of 271,200 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is presently 6.9 days. Approximately 3.5% of the company’s stock are short sold.

Atlanta Braves Price Performance

Atlanta Braves stock traded down $0.10 during trading hours on Friday, hitting $43.81. 34,856 shares of the company traded hands, compared to its average volume of 62,685. The firm’s 50-day simple moving average is $41.35 and its two-hundred day simple moving average is $42.69. The firm has a market cap of $2.71 billion, a P/E ratio of -60.01 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. Atlanta Braves has a 1-year low of $38.90 and a 1-year high of $46.65.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 5,094 shares of Atlanta Braves stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the transaction, the insider now owns 169,522 shares in the company, valued at $7,109,752.68. This represents a 3.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have bought 45,232 shares of company stock valued at $1,876,845. Corporate insiders own 4.83% of the company’s stock.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds have recently made changes to their positions in BATRA. PDT Partners LLC purchased a new position in shares of Atlanta Braves in the fourth quarter worth approximately $244,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Atlanta Braves in the fourth quarter worth approximately $490,000. Northern Trust Corp boosted its holdings in shares of Atlanta Braves by 0.5% during the fourth quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock worth $3,902,000 after purchasing an additional 436 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Atlanta Braves by 61.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 26,300 shares of the financial services provider’s stock worth $1,073,000 after purchasing an additional 10,000 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Atlanta Braves by 1.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,261,191 shares of the financial services provider’s stock worth $92,257,000 after purchasing an additional 21,955 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.