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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 273,498 shares, a decline of 21.1% from the December 15th total of 346,519 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 47,738 shares, the days-to-cover ratio is currently 5.7 days. Based on an average trading volume of 47,738 shares, the days-to-cover ratio is currently 5.7 days. Currently, 0.5% of the company’s stock are short sold.

Atlanta Braves Stock Performance

NASDAQ BATRA traded up $0.08 during trading hours on Friday, hitting $43.27. The company’s stock had a trading volume of 50,101 shares, compared to its average volume of 44,655. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $2.72 billion, a P/E ratio of -1,081.48 and a beta of 0.63. The company’s 50 day simple moving average is $42.82 and its two-hundred day simple moving average is $44.94. Atlanta Braves has a 12 month low of $38.67 and a 12 month high of $50.50.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.23. The firm had revenue of $311.54 million during the quarter, compared to analyst estimates of $309.06 million. Atlanta Braves had a negative net margin of 0.14% and a negative return on equity of 0.19%. As a group, sell-side analysts expect that Atlanta Braves will post -0.98 EPS for the current fiscal year.

Analyst Ratings Changes

BATRA has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, October 8th. Zacks Research upgraded shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.50.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone bought 28,567 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was purchased at an average price of $41.97 per share, with a total value of $1,198,956.99. Following the transaction, the insider owned 479,972 shares of the company’s stock, valued at approximately $20,144,424.84. The trade was a 6.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders purchased 38,669 shares of company stock worth $1,623,140. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlanta Braves

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Atlanta Braves by 1,873.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after buying an additional 487 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Atlanta Braves during the second quarter valued at about $32,000. Nisa Investment Advisors LLC lifted its position in shares of Atlanta Braves by 48.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock worth $50,000 after buying an additional 329 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Atlanta Braves by 47.7% during the third quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock valued at $56,000 after buying an additional 398 shares during the last quarter. Finally, State of Wyoming purchased a new position in Atlanta Braves during the 2nd quarter valued at approximately $70,000. 12.31% of the stock is currently owned by institutional investors.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.