Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Sees Significant Drop in Short Interest

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 886,500 shares, a decline of 5.4% from the March 15th total of 937,500 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 183,500 shares, the days-to-cover ratio is presently 4.8 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Atlanta Braves

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its holdings in Atlanta Braves by 350.0% in the first quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 700 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Atlanta Braves by 99.6% during the third quarter. IFP Advisors Inc now owns 908 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 453 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Atlanta Braves by 434.0% during the first 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 during the last quarter. HHM Wealth Advisors LLC purchased a new stake in shares of Atlanta Braves during the third quarter worth about $46,000. Finally, Investors Research Corp purchased a new stake in shares of Atlanta Braves during the third quarter worth about $52,000. 64.88% of the stock is currently owned by institutional investors.

Atlanta Braves Stock Performance

BATRK stock opened at $38.06 on Tuesday. The business has a 50-day moving average price of $39.07 and a 200 day moving average price of $38.02. Atlanta Braves has a 1-year low of $33.95 and a 1-year high of $50.15.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The company had revenue of $67.75 million during the quarter, compared to analysts’ expectations of $61.94 million. On average, equities analysts anticipate that Atlanta Braves will post -0.42 EPS for the current year.

Atlanta Braves Company Profile

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.