Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Increases By 20.4%

by · The Cerbat Gem

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,770,000 shares, an increase of 20.4% from the September 30th total of 1,470,000 shares. Based on an average trading volume of 285,500 shares, the days-to-cover ratio is currently 6.2 days. Approximately 4.8% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reduced their price target on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

View Our Latest Report on Atlanta Braves

Atlanta Braves Stock Up 0.5 %

NASDAQ:BATRK traded up $0.22 on Monday, reaching $40.27. The company’s stock had a trading volume of 103,305 shares, compared to its average volume of 223,459. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -20.19 and a beta of 0.71. Atlanta Braves has a 12-month low of $33.95 and a 12-month high of $44.42. The stock has a 50 day moving average price of $41.00 and a 200 day moving average price of $40.35.

Atlanta Braves (NASDAQ:BATRK – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $282.88 million during the quarter, compared to analysts’ expectations of $288.20 million. During the same quarter in the prior year, the firm posted ($0.55) EPS. Equities research analysts expect that Atlanta Braves will post -0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BATRK. Quent Capital LLC boosted its position in shares of Atlanta Braves by 568.4% in the 1st quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,404 shares during the period. Hahn Capital Management LLC boosted its position in shares of Atlanta Braves by 33.7% in the 2nd quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 495 shares during the period. nVerses Capital LLC acquired a new stake in Atlanta Braves during the 2nd quarter worth approximately $95,000. OFI Invest Asset Management acquired a new stake in Atlanta Braves during the 2nd quarter worth approximately $156,000. Finally, Mogy Joel R Investment Counsel Inc. acquired a new stake in Atlanta Braves during the 2nd quarter worth approximately $212,000. 64.88% of the stock is owned by institutional investors and hedge funds.

About Atlanta Braves

(Get Free Report)

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.

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