Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Expands By 5.2%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,010,000 shares, an increase of 5.2% from the January 15th total of 1,910,000 shares. Currently, 5.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 294,900 shares, the days-to-cover ratio is currently 6.8 days.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone bought 5,094 shares of the stock in a transaction dated Monday, January 27th. The stock was purchased 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 of the company's stock, valued at $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 45,232 shares of company stock valued at $1,876,845 in the last three months. 11.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently bought and sold shares of BATRK. T. Rowe Price Investment Management Inc. lifted its position in Atlanta Braves by 256.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider's stock worth $64,694,000 after buying an additional 1,215,948 shares during the last quarter. Aristeia Capital L.L.C. lifted its position in Atlanta Braves by 34.5% in the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock worth $92,373,000 after buying an additional 618,887 shares during the last quarter. Troluce Capital Advisors LLC bought a new stake in Atlanta Braves in the fourth quarter worth $10,751,000. Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves during the fourth quarter worth $6,736,000. Finally, HBK Investments L P lifted its position in shares of Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider's stock worth $19,104,000 after purchasing an additional 174,300 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors.

Atlanta Braves Price Performance

Shares of NASDAQ BATRK traded up $0.08 during midday trading on Thursday, reaching $40.31. 268,518 shares of the stock traded hands, compared to its average volume of 296,267. The stock has a market capitalization of $2.05 billion, a PE ratio of -55.22 and a beta of 0.73. Atlanta Braves has a one year low of $35.81 and a one year high of $44.42. The company's 50 day moving average is $38.49 and its 200 day moving average is $40.03.

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.