Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Expands By 28.9%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 349,500 shares, a growth of 28.9% from the January 15th total of 271,200 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is currently 6.9 days. Currently, 3.5% of the shares of the company are short sold.

Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone acquired 5,094 shares of the stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the purchase, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 45,232 shares of company stock worth $1,876,845. Company insiders own 4.83% of the company’s stock.

Institutional Investors Weigh In On Atlanta Braves

Several hedge funds have recently made changes to their positions in the stock. Pacific Global Investment Management Co. boosted its stake in Atlanta Braves by 5.1% during the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider’s stock worth $210,000 after buying an additional 249 shares in the last quarter. Northern Trust Corp boosted its position in shares of Atlanta Braves by 0.5% during the 4th quarter. Northern Trust Corp now owns 95,644 shares of the financial services provider’s stock valued at $3,902,000 after acquiring an additional 436 shares in the last quarter. US Bancorp DE bought a new stake in Atlanta Braves in the third quarter valued at about $28,000. MRP Capital Investments LLC raised its position in Atlanta Braves by 3.4% in the fourth quarter. MRP Capital Investments LLC now owns 24,375 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 800 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Atlanta Braves by 157.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,495 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 914 shares during the period. Institutional investors own 12.31% of the company’s stock.

Atlanta Braves Stock Performance

Atlanta Braves stock traded down $0.10 during mid-day trading on Friday, reaching $43.81. The company had a trading volume of 34,856 shares, compared to its average volume of 62,685. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -60.01 and a beta of 0.80. The company has a 50 day moving average of $41.37 and a 200-day moving average of $42.64. Atlanta Braves has a 52 week low of $38.90 and a 52 week high of $46.65.

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.