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

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 886,500 shares, a decline of 5.4% from the March 15th total of 937,500 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average trading volume of 183,500 shares, the short-interest ratio is presently 4.8 days.

Analysts Set New Price Targets

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

Atlanta Braves Price Performance

BATRK stock traded down $0.47 during trading on Tuesday, reaching $37.59. The company had a trading volume of 92,655 shares, compared to its average volume of 177,995. Atlanta Braves has a 52 week low of $33.95 and a 52 week high of $50.15. The business has a 50 day moving average of $39.02 and a 200 day moving average of $38.03.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced 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 business had revenue of $67.75 million for the quarter, compared to analyst estimates of $61.94 million. On average, sell-side analysts forecast that Atlanta Braves will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Atlanta Braves

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP increased its position in shares of Atlanta Braves by 350.0% during the first quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 700 shares in the last quarter. IFP Advisors Inc increased its position in shares of Atlanta Braves by 99.6% during the third quarter. IFP Advisors Inc now owns 908 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 453 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Atlanta Braves by 434.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 933 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Atlanta Braves during the third quarter valued at approximately $46,000. Finally, Investors Research Corp purchased a new stake in Atlanta Braves in the third quarter worth approximately $52,000. Institutional investors own 64.88% of the company's stock.

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.