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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 265,000 shares, a decline of 7.8% from the November 15th total of 287,300 shares. Based on an average daily trading volume, of 41,300 shares, the days-to-cover ratio is currently 6.4 days. Approximately 2.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Atlanta Braves

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in Atlanta Braves by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 232,900 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 17,000 shares in the last quarter. Aurora Investment Counsel grew its position in Atlanta Braves by 12.1% in the 2nd quarter. Aurora Investment Counsel now owns 45,723 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 4,945 shares in the last quarter. Alden Global Capital LLC bought a new stake in Atlanta Braves in the 2nd quarter worth about $1,301,000. GAMMA Investing LLC grew its position in Atlanta Braves by 5,336.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.

Atlanta Braves Trading Down 0.1 %

Shares of Atlanta Braves stock traded down $0.05 during trading on Monday, hitting $41.07. The company’s stock had a trading volume of 1,738 shares, compared to its average volume of 32,481. The stock has a 50-day moving average price of $42.39 and a two-hundred day moving average price of $43.10. Atlanta Braves has a 52 week low of $39.67 and a 52 week high of $46.65. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -56.33 and a beta of 0.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70.

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.