Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Get Free Report) was the target of a large decrease in short interest in 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. Currently, 5.2% of the company’s stock are short sold. Based on an average trading volume of 313,500 shares, the days-to-cover ratio is currently 6.1 days.
Atlanta Braves Stock Up 1.6 %
Shares of NASDAQ BATRK traded up $0.60 during trading on Tuesday, reaching $38.42. 187,980 shares of the company traded hands, compared to its average volume of 233,696. The firm has a 50 day simple moving average of $39.89 and a 200-day simple moving average of $40.69. Atlanta Braves has a 52-week low of $36.74 and a 52-week high of $44.42. The stock has a market capitalization of $1.95 billion, a PE ratio of -52.63 and a beta of 0.68.
Institutional Investors Weigh In On Atlanta Braves
A number of large investors have recently made changes to their positions in BATRK. Quent Capital LLC grew its stake in shares of Atlanta Braves by 568.4% during the 3rd quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,404 shares during the period. Hahn Capital Management LLC increased its stake in shares of Atlanta Braves by 33.7% in the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 495 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Atlanta Braves during the 2nd quarter valued at $95,000. Quest Partners LLC lifted its stake in shares of Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after buying an additional 4,323 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Atlanta Braves in the 3rd quarter worth $205,000. 64.88% of the stock is currently owned by institutional investors.
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.
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