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 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. Currently, 4.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Atlanta Braves

Institutional investors have recently bought and sold shares of the stock. Quent Capital LLC increased its stake in 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 buying an additional 1,404 shares during the last quarter. Hahn Capital Management LLC increased its position in shares of Atlanta Braves by 33.7% during the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 495 shares during the last quarter. nVerses Capital LLC bought a new stake in Atlanta Braves during the second quarter worth $95,000. OFI Invest Asset Management purchased a new position in Atlanta Braves in the second quarter worth $156,000. Finally, Mogy Joel R Investment Counsel Inc. bought a new stake in Atlanta Braves in the second quarter worth about $212,000. Institutional investors own 64.88% of the company's stock.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK traded up $0.15 during midday trading on Monday, reaching $40.20. The company's stock had a trading volume of 182,555 shares, compared to its average volume of 223,840. Atlanta Braves has a fifty-two week low of $33.95 and a fifty-two week high of $44.42. The firm has a 50 day moving average price of $41.00 and a two-hundred day moving average price of $40.35. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -20.14 and a beta of 0.71.

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

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.