Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Drops By 14.7%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 178,900 shares, a decline of 14.7% from the August 31st total of 209,700 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 32,800 shares, the days-to-cover ratio is currently 5.5 days.

Hedge Funds Weigh In On Atlanta Braves

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 in the 2nd quarter valued at approximately $26,000. Nisa Investment Advisors LLC increased its position in Atlanta Braves by 1,500.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Quent Capital LLC increased its position in Atlanta Braves by 1,607.7% during the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 627 shares in the last quarter. Quest Partners LLC acquired a new position in Atlanta Braves during the 2nd quarter worth approximately $135,000. Finally, Wedbush Securities Inc. acquired a new position in Atlanta Braves during the 2nd quarter worth approximately $209,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Stock Performance

Atlanta Braves stock traded up $0.15 during midday trading on Friday, hitting $42.65. The company’s stock had a trading volume of 71,757 shares, compared to its average volume of 30,573. Atlanta Braves has a 1-year low of $36.78 and a 1-year high of $46.65. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The company has a 50-day moving average price of $44.56 and a two-hundred day moving average price of $42.67. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -21.33 and a beta of 0.90.

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