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Liberty Braves Group Series C (NASDAQ:BATRK) Short Interest Down 20.2% in August

Wednesday, September 16, 2020 | MarketBeat

Liberty Braves Group Series C (NASDAQ:BATRK) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 694,500 shares, a decrease of 20.2% from the August 15th total of 870,400 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 254,700 shares, the short-interest ratio is presently 2.7 days.

NASDAQ BATRK opened at $21.19 on Wednesday. The stock's 50-day simple moving average is $19.41 and its two-hundred day simple moving average is $19.65. Liberty Braves Group Series C has a twelve month low of $13.20 and a twelve month high of $30.03.

Liberty Braves Group Series C (NASDAQ:BATRK) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.75) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.98) by $0.23. The company had revenue of $11.00 million during the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its holdings in shares of Liberty Braves Group Series C by 24.5% in the second quarter. Two Sigma Advisers LP now owns 60,500 shares of the financial services provider's stock worth $1,194,000 after buying an additional 11,900 shares during the period. Handelsbanken Fonder AB purchased a new position in shares of Liberty Braves Group Series C in the second quarter worth about $299,000. Nuveen Asset Management LLC increased its holdings in shares of Liberty Braves Group Series C by 26.7% in the second quarter. Nuveen Asset Management LLC now owns 485,457 shares of the financial services provider's stock worth $9,583,000 after buying an additional 102,413 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Liberty Braves Group Series C by 6.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 234,944 shares of the financial services provider's stock worth $4,638,000 after buying an additional 14,045 shares during the period. Finally, Advisors Capital Management LLC grew its stake in shares of Liberty Braves Group Series C by 6.3% in the second quarter. Advisors Capital Management LLC now owns 14,872 shares of the financial services provider's stock worth $294,000 after purchasing an additional 879 shares during the last quarter. Hedge funds and other institutional investors own 74.45% of the company's stock.

A number of equities analysts have recently commented on BATRK shares. Morgan Stanley raised their price target on Liberty Braves Group Series C from $19.00 to $23.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Zacks Investment Research downgraded Liberty Braves Group Series C from a "buy" rating to a "hold" rating in a research report on Wednesday, June 17th.

About Liberty Braves Group Series C

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, stadium, and mixed use development project. The company is based in Englewood, Colorado. The Liberty Braves Group is a subsidiary of Liberty Media Corporation.

Further Reading: Inverted Yield Curve

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