Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Short Interest Down 14.7% in September

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 178,900 shares, a drop of 14.7% from the August 31st total of 209,700 shares. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is currently 5.5 days. Approximately 1.8% of the company’s stock are short sold.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently modified their holdings of the business. Whittier Trust Co. purchased a new position in Atlanta Braves in the second quarter valued at approximately $26,000. Nisa Investment Advisors LLC grew its stake in shares of Atlanta Braves by 1,500.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 600 shares during the period. Quent Capital LLC raised its stake in Atlanta Braves by 1,607.7% in the 1st quarter. Quent Capital LLC now owns 666 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 627 shares during the period. Quest Partners LLC purchased a new stake in Atlanta Braves during the second quarter valued at about $135,000. Finally, Wedbush Securities Inc. bought a new position in Atlanta Braves during the second quarter worth about $209,000. 12.31% of the stock is owned by institutional investors.

Atlanta Braves Stock Down 0.9 %

BATRA stock traded down $0.39 during mid-day trading on Monday, reaching $42.26. 14,623 shares of the company traded hands, compared to its average volume of 30,586. Atlanta Braves has a fifty-two week low of $36.78 and a fifty-two week high of $46.65. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average price is $44.56 and its 200 day moving average price is $42.70. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -21.33 and a beta of 0.90.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. Atlanta Braves had a negative net margin of 9.18% and a negative return on equity of 11.36%. The company had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same period last year, the firm earned ($0.55) earnings per share. As a group, equities research analysts predict that Atlanta Braves will post -0.39 EPS for the current fiscal year.

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.