Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Short Interest Up 27.5% in June

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,050,000 shares, a growth of 27.5% from the May 31st total of 823,700 shares. Based on an average trading volume of 173,900 shares, the days-to-cover ratio is presently 6.0 days. Currently, 2.8% of the shares of the company are sold short.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the stock in a transaction dated Monday, June 24th. The shares were bought at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the transaction, the insider now directly owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quent Capital LLC lifted its stake in Atlanta Braves by 568.4% during the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,404 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock worth $97,000 after buying an additional 583 shares in the last quarter. Mango Investments LLC bought a new position in Atlanta Braves during the fourth quarter valued at approximately $107,000. Scarborough Advisors LLC purchased a new position in shares of Atlanta Braves during the fourth quarter worth approximately $199,000. Finally, SageView Advisory Group LLC purchased a new position in shares of Atlanta Braves during the fourth quarter worth approximately $206,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $39.44 on Friday. Atlanta Braves has a fifty-two week low of $33.95 and a fifty-two week high of $50.15. The stock has a market cap of $2.00 billion and a P/E ratio of -19.72. The firm’s fifty day moving average price is $38.93 and its 200-day moving average price is $39.11.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The business had revenue of $37.08 million during the quarter, compared to analyst estimates of $39.63 million. Sell-side analysts predict that Atlanta Braves will post -0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Atlanta Braves from a “c-” rating to a “d+” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.00.

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.