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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 589,500 shares, an increase of 9.1% from the August 15th total of 540,400 shares. Based on an average daily trading volume, of 356,100 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BATRK shares. Rosenblatt Securities raised their price objective on Atlanta Braves from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley restated an “equal weight” rating and set a $41.00 target price on shares of Atlanta Braves in a research note on Monday, August 7th. StockNews.com lowered Atlanta Braves from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. TheStreet downgraded shares of Atlanta Braves from a “c” rating to a “d+” rating in a research note on Monday, August 7th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Atlanta Braves in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Atlanta Braves has an average rating of “Hold” and a consensus price target of $45.00.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK traded up $0.08 during trading on Monday, reaching $35.90. The stock had a trading volume of 57,936 shares, compared to its average volume of 168,857. The business’s 50-day moving average price is $37.99 and its 200 day moving average price is $37.03. Atlanta Braves has a 52 week low of $26.52 and a 52 week high of $50.15.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported ($0.55) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($1.04). The business had revenue of $270.00 million for the quarter, compared to analysts’ expectations of $275.44 million. As a group, sell-side analysts anticipate that Atlanta Braves will post -1.66 EPS for the current fiscal year.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average price of $41.91 per share, with a total value of $33,528.00. Following the completion of the transaction, the insider now owns 22,800 shares in the company, valued at $955,548. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 11.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. VELA Investment Management LLC grew its position in shares of Atlanta Braves by 0.7% during the 1st quarter. VELA Investment Management LLC now owns 56,032 shares of the financial services provider’s stock worth $1,888,000 after buying an additional 398 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Atlanta Braves by 2.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,216 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 437 shares during the period. Weik Capital Management raised its position in shares of Atlanta Braves by 5.6% during the 1st quarter. Weik Capital Management now owns 9,350 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 500 shares during the last quarter. M&R Capital Management Inc. lifted its stake in shares of Atlanta Braves by 91.6% in the 2nd quarter. M&R Capital Management Inc. now owns 1,046 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 500 shares during the period. Finally, SouthState Corp boosted its position in shares of Atlanta Braves by 66.7% in the 2nd quarter. SouthState Corp now owns 1,250 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 0.35% of the company’s stock.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates league baseball club. It also operates league baseball club's stadium; and mixed-use real estate development project. The company is based in Englewood, Colorado.