Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Short Interest Down 14.2% in May

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,733,700 shares, a drop of 14.2% from the April 30th total of 2,020,000 shares. Based on an average daily volume of 293,200 shares, the short-interest ratio is presently 5.9 days. Approximately 3.4% of the shares of the company are short sold.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone acquired 2,760 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the purchase, the insider now owns 214,118 shares in the company, valued at approximately $8,990,814.82. The trade was a 1.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deretta C. Rhodes sold 767 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.97, for a total transaction of $31,423.99. Following the completion of the sale, the executive vice president now owns 3,112 shares in the company, valued at approximately $127,498.64. The trade was a 19.77% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 124,632 shares of company stock worth $5,159,623 over the last 90 days. Insiders own 11.43% of the company's stock.

Institutional Investors Weigh In On Atlanta Braves

A number of large investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Atlanta Braves by 160.3% in the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after buying an additional 50,702 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Atlanta Braves by 5.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,501 shares of the financial services provider's stock valued at $440,000 after buying an additional 604 shares during the last quarter. ABC Arbitrage SA bought a new position in Atlanta Braves in the 4th quarter valued at $204,000. Rhumbline Advisers boosted its position in Atlanta Braves by 16.8% in the 4th quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock valued at $3,070,000 after buying an additional 11,554 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Atlanta Braves by 12.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 52,050 shares of the financial services provider's stock valued at $1,991,000 after buying an additional 5,877 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors.

Atlanta Braves Stock Up 0.1%

Atlanta Braves stock traded up $0.03 on Thursday, hitting $40.41. The company's stock had a trading volume of 76,067 shares, compared to its average volume of 286,464. The company has a fifty day moving average price of $39.58 and a 200-day moving average price of $39.28. Atlanta Braves has a one year low of $35.46 and a one year high of $44.42. The firm has a market cap of $2.07 billion, a P/E ratio of -55.36 and a beta of 0.54.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, beating analysts' consensus estimates of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Analysts anticipate that Atlanta Braves will post -0.89 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

About Atlanta Braves

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.