Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Short Interest Down 5.4% in March

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

Atlanta Braves Price Performance

Atlanta Braves stock opened at $37.59 on Wednesday. Atlanta Braves has a twelve month low of $33.95 and a twelve month high of $50.15. The firm has a 50 day moving average price of $39.02 and a 200-day moving average price of $38.03.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP boosted its holdings in Atlanta Braves by 350.0% in the 1st quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 700 shares during the period. IFP Advisors Inc boosted its holdings in Atlanta Braves by 99.6% in the 3rd quarter. IFP Advisors Inc now owns 908 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 453 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Atlanta Braves by 434.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 933 shares during the period. HHM Wealth Advisors LLC bought a new position in Atlanta Braves in the 3rd quarter valued at $46,000. Finally, Investors Research Corp bought a new position in Atlanta Braves in the 3rd quarter valued at $52,000. 64.88% of the stock is owned by institutional investors.

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.