Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Rises By 7.7%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,090,000 shares, an increase of 7.7% from the November 15th total of 1,940,000 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 321,200 shares, the days-to-cover ratio is currently 6.5 days.

Hedge Funds Weigh In On Atlanta Braves

Hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC raised its holdings in shares of Atlanta Braves by 3.2% in the 2nd quarter. Gabelli Funds LLC now owns 1,365,883 shares of the financial services provider’s stock valued at $53,870,000 after acquiring an additional 42,617 shares in the last quarter. Aristeia Capital L.L.C. raised its stake in Atlanta Braves by 42.9% in the second quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider’s stock valued at $52,119,000 after purchasing an additional 396,720 shares in the last quarter. Schwartz Investment Counsel Inc. raised its stake in Atlanta Braves by 54.6% in the second quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider’s stock valued at $21,387,000 after purchasing an additional 191,478 shares in the last quarter. Harvey Partners LLC lifted its position in Atlanta Braves by 14.6% during the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock valued at $20,179,000 after purchasing an additional 64,500 shares during the last quarter. Finally, HBK Investments L P grew its stake in Atlanta Braves by 57.0% in the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after buying an additional 174,300 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Stock Down 2.1 %

BATRK traded down $0.86 on Friday, hitting $39.39. The company’s stock had a trading volume of 196,727 shares, compared to its average volume of 234,922. Atlanta Braves has a 12 month low of $36.74 and a 12 month high of $44.42. The firm has a market cap of $2.00 billion, a P/E ratio of -53.96 and a beta of 0.68. The company’s 50 day simple moving average is $40.22 and its 200-day simple moving average is $40.80.

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.