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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 1,940,000 shares, a decline of 9.3% from the October 31st total of 2,140,000 shares. Based on an average trading volume of 328,200 shares, the days-to-cover ratio is currently 5.9 days. Currently, 5.3% of the company's stock are short sold.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Atlanta Braves

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC increased its stake in Atlanta Braves by 568.4% during the third quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 1,404 shares during the period. Hahn Capital Management LLC raised its stake in shares of Atlanta Braves by 33.7% in the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 495 shares in the last quarter. nVerses Capital LLC acquired a new stake in Atlanta Braves during the second quarter worth $95,000. OFI Invest Asset Management bought a new stake in Atlanta Braves in the 2nd quarter valued at $156,000. Finally, Quest Partners LLC increased its holdings in Atlanta Braves by 28,820.0% in the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider's stock valued at $173,000 after buying an additional 4,323 shares during the period. Institutional investors and hedge funds own 64.88% of the company's stock.

Atlanta Braves Trading Up 0.5 %

BATRK traded up $0.19 during trading on Monday, hitting $40.54. The stock had a trading volume of 242,820 shares, compared to its average volume of 233,613. Atlanta Braves has a 12 month low of $35.46 and a 12 month high of $44.42. The company has a 50 day simple moving average of $40.16 and a 200-day simple moving average of $40.73. The firm has a market cap of $2.06 billion, a PE ratio of -55.53 and a beta of 0.70.

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.