Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Short Interest Update

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,010,000 shares, a growth of 5.2% from the January 15th total of 1,910,000 shares. Approximately 5.5% of the shares of the company are sold short. Based on an average daily volume of 294,900 shares, the short-interest ratio is presently 6.8 days.

Atlanta Braves Stock Performance

Shares of BATRK stock opened at $40.07 on Wednesday. Atlanta Braves has a 1 year low of $35.81 and a 1 year high of $44.42. The business’s fifty day moving average is $38.48 and its 200-day moving average is $40.04. The stock has a market cap of $2.04 billion, a PE ratio of -54.89 and a beta of 0.73.

Insider Activity

In other news, major shareholder John C. Malone bought 15,192 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the acquisition, the insider now directly owns 146,020 shares in the company, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have acquired 45,232 shares of company stock valued at $1,876,845. Company insiders own 11.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BATRK. Barclays PLC boosted its holdings in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after buying an additional 50,702 shares in the last quarter. Harvey Partners LLC boosted its stake in shares of Atlanta Braves by 14.6% during the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after acquiring an additional 64,500 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock worth $6,657,000 after acquiring an additional 92,248 shares during the last quarter. HBK Investments L P raised its position in shares of Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after purchasing an additional 174,300 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Atlanta Braves during the fourth quarter valued at $6,736,000. 64.88% of the stock is owned by institutional investors and hedge funds.

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.