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

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

Insider Activity at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the transaction, the insider now directly owns 7,550 shares in the company, valued at approximately $301,698. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in shares of Atlanta Braves during the 2nd quarter worth $26,000. Nisa Investment Advisors LLC raised its stake in Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 600 shares during the last quarter. Quent Capital LLC raised its stake in Atlanta Braves by 1,607.7% in the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 627 shares during the last quarter. Quest Partners LLC acquired a new position in Atlanta Braves in the 2nd quarter valued at about $135,000. Finally, Wedbush Securities Inc. acquired a new position in Atlanta Braves in the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA traded down $0.04 during trading on Monday, hitting $43.60. 33,688 shares of the company were exchanged, compared to its average volume of 29,077. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -21.80 and a beta of 0.90. Atlanta Braves has a 1 year low of $36.78 and a 1 year high of $46.65. The firm’s fifty day moving average price is $44.79 and its 200 day moving average price is $42.58. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. The business had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. Atlanta Braves had a negative return on equity of 11.36% and a negative net margin of 9.18%. During the same quarter in the previous year, the company posted ($0.55) EPS. On average, sell-side analysts expect that Atlanta Braves will post -0.39 earnings per share for the current fiscal 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.