Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Sees Large Decline in Short Interest

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,920,000 shares, a decrease of 8.1% from the November 30th total of 2,090,000 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average daily volume of 313,500 shares, the days-to-cover ratio is presently 6.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aristeia Capital L.L.C. grew its holdings in shares of Atlanta Braves by 42.9% in the second quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider’s stock valued at $52,119,000 after purchasing an additional 396,720 shares in the last quarter. HBK Investments L P grew its stake in shares of Atlanta Braves by 57.0% in the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after buying an additional 174,300 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Atlanta Braves by 76.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock worth $12,554,000 after buying an additional 137,124 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after buying an additional 92,248 shares in the last quarter. Finally, Harvey Partners LLC lifted its holdings in shares of Atlanta Braves by 14.6% in the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock valued at $20,179,000 after acquiring an additional 64,500 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Up 1.6 %

Shares of NASDAQ:BATRK traded up $0.60 during midday trading on Tuesday, reaching $38.42. 187,980 shares of the company were exchanged, compared to its average volume of 233,696. The stock has a market cap of $1.95 billion, a PE ratio of -52.63 and a beta of 0.68. The business’s fifty day moving average is $39.89 and its two-hundred day moving average is $40.69. Atlanta Braves has a one year low of $36.74 and a one year high of $44.42.

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.