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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRKGet Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 937,500 shares, a growth of 7.4% from the February 29th total of 873,000 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 177,500 shares, the days-to-cover ratio is currently 5.3 days.

Institutional Investors Weigh In On Atlanta Braves

Several hedge funds have recently modified their holdings of BATRK. Quantbot Technologies LP lifted its stake in Atlanta Braves by 350.0% in the 1st quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 700 shares in the last quarter. IFP Advisors Inc lifted its stake in Atlanta Braves by 99.6% in the 3rd quarter. IFP Advisors Inc now owns 908 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 453 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Atlanta Braves by 434.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 933 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in Atlanta Braves in the 3rd quarter worth about $46,000. Finally, Investors Research Corp purchased a new stake in Atlanta Braves in the 3rd quarter worth about $52,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Price Performance

Shares of NASDAQ BATRK traded up $0.58 during trading on Wednesday, reaching $39.72. The stock had a trading volume of 40,199 shares, compared to its average volume of 183,727. Atlanta Braves has a one year low of $33.56 and a one year high of $50.15. The firm’s 50 day moving average price is $39.33 and its two-hundred day moving average price is $37.85.

Atlanta Braves (NASDAQ:BATRKGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The firm had revenue of $67.75 million during the quarter, compared to the consensus estimate of $61.94 million. As a group, equities research analysts expect that Atlanta Braves will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded Atlanta Braves from a “c-” rating to a “d+” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Atlanta Braves currently has an average rating of “Hold” and an average target price of $45.00.

View Our Latest Stock Report on BATRK

Atlanta Braves Company Profile

(Get Free Report)

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.

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