Atlanta Braves Holdings, Inc. (NASDAQ: BATRK) Short Interest Up 27.5% in June

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Get Free Report) saw strong growth in short interest in the month of June. As of June 15, short interest totaled 1,050,000 shares, representing a 27.5% increase from the May 31 total of 823,700 shares. Based on an average trading volume of 173,900 shares, the days-to-cover ratio is currently 6.0 days. Currently, 2.8% of the company’s shares are short.

Insider Trading at the Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the stock in a transaction dated Monday, June 24. The shares were purchased at an average price of $39.96 per share, for a total value of $79,920.00. Following the completion of the transaction, the insider now directly owns 7,550 shares of the company’s stock, valued at approximately $301,698. The transaction was disclosed in a filing with the SEC, accessible via this hyperlink. 11.43% of shares are owned by insiders.

Institutional investors weigh in on the Atlanta Braves

French Institutional investors and hedge funds have recently been buying and selling shares of the stock. Quent Capital LLC increased its stake in Atlanta Braves by 568.4% during the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,404 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 583 shares during the last quarter. Mango Investments LLC purchased a new position in Atlanta Braves during the fourth quarter valued at approximately $107,000. Scarborough Advisors LLC purchased a new position in shares of Atlanta Braves during the fourth quarter worth approximately $199,000. Finally, SageView Advisory Group LLC purchased a new position in shares of Atlanta Braves during the fourth quarter worth approximately $206,000. 64.88% of shares are owned by hedge funds and other institutional investors.

Atlanta Braves stock performance

Atlanta Braves stock opened at $39.44 on Friday. The Atlanta Braves have a 52-week low of $33.95 and a 52-week high of $50.15. The stock has a market cap of $2.00 billion and a price-to-earnings ratio of -19.72. The company’s fifty-day moving average price is $38.93 and its 200-day moving average price is $39.11.

The Atlanta Braves (NASDAQ: BATRK – Get Free Report) last announced its earnings results on Wednesday, May 8th. The financial services provider reported earnings per share of ($0.83) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The company had revenue of $37.08 million for the quarter, compared to analysts’ estimates of $39.63 million. Sell-side analysts expect the Atlanta Braves to post earnings per share of -0.46 for the year.

Wall Street analysts predict growth

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

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About the Atlanta Braves

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Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves major league baseball club. It also manages mixed-use development projects, including retail, office, hotel and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.

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