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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) was the recipient of a significant increase in short interest during the month of 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. Approximately 5.5% of the company's stock are sold short. Based on an average daily trading volume, of 294,900 shares, the short-interest ratio is currently 6.8 days.

Insiders Place Their Bets

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 bought at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the acquisition, the insider now directly owns 169,522 shares in the company, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 44,932 shares of company stock worth $1,864,395. Insiders own 11.43% of the company's stock.

Institutional Trading of Atlanta Braves

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its position in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after buying an additional 50,702 shares during the period. Harvey Partners LLC grew its position in Atlanta Braves by 14.6% during the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider's stock valued at $20,179,000 after buying an additional 64,500 shares during the period. JPMorgan Chase & Co. grew its position in Atlanta Braves by 123.0% during the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock valued at $6,657,000 after buying an additional 92,248 shares during the period. HBK Investments L P grew its position in 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 valued at $19,104,000 after buying an additional 174,300 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in Atlanta Braves during the fourth quarter valued at about $6,736,000. Hedge funds and other institutional investors own 64.88% of the company's stock.

Atlanta Braves Price Performance

Shares of BATRK stock traded down $0.71 on Friday, hitting $39.60. The stock had a trading volume of 265,574 shares, compared to its average volume of 295,364. The business has a 50 day moving average of $38.49 and a 200 day moving average of $40.03. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -54.25 and a beta of 0.73. Atlanta Braves has a 12-month low of $35.81 and a 12-month high of $44.42.

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.