Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Short Interest Up 15.5% in February

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 405,781 shares, a growth of 15.5% from the February 12th total of 351,222 shares. Based on an average daily volume of 60,906 shares, the days-to-cover ratio is currently 6.7 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 60,906 shares, the days-to-cover ratio is currently 6.7 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BATRA shares. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell 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.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone purchased 35,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $44.23 per share, with a total value of $1,548,050.00. Following the acquisition, the insider owned 521,862 shares of the company’s stock, valued at $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.90% of the stock is owned by insiders.

Institutional Trading of Atlanta Braves

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its holdings in Atlanta Braves by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 5,417 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 206 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Atlanta Braves by 42.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,624 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 2,286 shares during the last quarter. Susquehanna Portfolio Strategies LLC bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $318,000. Balyasny Asset Management L.P. grew its stake in shares of Atlanta Braves by 1.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 27,650 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 512 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Atlanta Braves during the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Atlanta Braves Price Performance

Shares of BATRA opened at $48.07 on Wednesday. Atlanta Braves has a twelve month low of $38.67 and a twelve month high of $50.50. The company has a market capitalization of $3.02 billion, a P/E ratio of -123.25 and a beta of 0.55. The firm has a 50 day moving average of $45.61 and a 200 day moving average of $44.33. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.16.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.74) by $0.46. Atlanta Braves had a positive return on equity of 0.08% and a negative net margin of 3.19%.The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $54.93 million. As a group, equities research analysts anticipate that Atlanta Braves will post -0.98 earnings per share for the current fiscal year.

About Atlanta Braves

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.