Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Sees Significant Growth in Short Interest

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 349,500 shares, an increase of 28.9% from the January 15th total of 271,200 shares. Approximately 3.5% of the company's shares are short sold. Based on an average daily volume of 50,400 shares, the days-to-cover ratio is currently 6.9 days.

Insider Buying and Selling

In related news, major shareholder John C. Malone acquired 5,094 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $41.94 per share, with a total value of $213,642.36. Following the completion of the purchase, the insider now directly owns 169,522 shares in the company, 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 document filed with the SEC, which is available at this link. Insiders have acquired a total of 45,232 shares of company stock valued at $1,876,845 over the last 90 days. 4.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Atlanta Braves by 11.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,107 shares of the financial services provider's stock valued at $698,000 after purchasing an additional 1,696 shares during the period. Squarepoint Ops LLC acquired a new position in Atlanta Braves during the 4th quarter worth approximately $210,000. Nuveen Asset Management LLC boosted its holdings in Atlanta Braves by 1.5% in the fourth quarter. Nuveen Asset Management LLC now owns 36,354 shares of the financial services provider's stock worth $1,483,000 after acquiring an additional 540 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Atlanta Braves in the fourth quarter valued at approximately $220,000. Finally, Ionic Capital Management LLC acquired a new stake in Atlanta Braves in the fourth quarter valued at approximately $197,000. 12.31% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Trading Up 0.2 %

Shares of NASDAQ:BATRA traded up $0.10 during midday trading on Tuesday, reaching $43.91. The company's stock had a trading volume of 20,697 shares, compared to its average volume of 53,749. Atlanta Braves has a fifty-two week low of $38.90 and a fifty-two week high of $46.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a 50 day moving average price of $41.41 and a two-hundred day moving average price of $42.63. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of -60.14 and a beta of 0.80.

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.