Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Short Interest Up 16.0% in August

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,380,000 shares, a growth of 16.0% from the July 31st total of 1,190,000 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average trading volume of 233,600 shares, the days-to-cover ratio is currently 5.9 days.

Atlanta Braves Stock Down 1.8 %

Shares of BATRK traded down $0.80 during mid-day trading on Friday, hitting $42.88. 306,413 shares of the company's stock were exchanged, compared to its average volume of 198,105. The stock has a market cap of $2.17 billion and a price-to-earnings ratio of -21.44. The firm has a fifty day moving average of $41.88 and a two-hundred day moving average of $39.92. Atlanta Braves has a twelve month low of $33.95 and a twelve month high of $44.42.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million for the quarter, compared to the consensus estimate of $288.20 million. During the same quarter last year, the company posted ($0.55) EPS. On average, equities analysts predict that Atlanta Braves will post -0.46 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Rosenblatt Securities decreased their target price 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.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of Atlanta Braves stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the acquisition, the insider now owns 7,550 shares of the company's stock, valued at approximately $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atlanta Braves

Several large investors have recently made changes to their positions in the business. Aristeia Capital L.L.C. raised its stake in Atlanta Braves by 42.9% during the 2nd quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider's stock valued at $52,119,000 after purchasing an additional 396,720 shares during the last quarter. Breach Inlet Capital Management LLC acquired a new position in shares of Atlanta Braves during the fourth quarter valued at about $15,556,000. Freshford Capital Management LLC lifted its stake in shares of Atlanta Braves by 84.9% in the fourth quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider's stock valued at $30,174,000 after buying an additional 350,000 shares during the period. Broad Bay Capital Management LP grew its position in Atlanta Braves by 17.4% during the fourth quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider's stock worth $80,102,000 after buying an additional 300,000 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. increased its stake in Atlanta Braves by 54.6% during the second quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider's stock valued at $21,387,000 after acquiring an additional 191,478 shares during the period. Institutional investors and hedge funds own 64.88% of the company's stock.

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.