Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Sees Large Decrease in Short Interest
by Renee Jackson · The Cerbat GemAtlanta Braves Holdings, Inc. (NASDAQ:BATRA – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 273,498 shares, a drop of 21.1% from the December 15th total of 346,519 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 47,738 shares, the short-interest ratio is currently 5.7 days. Based on an average trading volume of 47,738 shares, the short-interest ratio is currently 5.7 days. Currently, 0.5% of the company’s shares are sold short.
Insiders Place Their Bets
In other news, major shareholder John C. Malone acquired 28,567 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of $41.97 per share, for a total transaction of $1,198,956.99. Following the completion of the acquisition, the insider owned 479,972 shares in the company, valued at $20,144,424.84. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 38,669 shares of company stock worth $1,623,140. 5.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On Atlanta Braves
A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in Atlanta Braves by 1,873.1% during the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 487 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Atlanta Braves during the 2nd quarter worth approximately $32,000. Nisa Investment Advisors LLC raised its stake in shares of Atlanta Braves by 48.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,007 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 329 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Atlanta Braves by 47.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,233 shares of the financial services provider’s stock valued at $56,000 after buying an additional 398 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Atlanta Braves in the second quarter valued at $70,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BATRA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, October 8th. Zacks Research raised shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.
View Our Latest Stock Report on Atlanta Braves
Atlanta Braves Trading Up 0.2%
NASDAQ BATRA opened at $43.27 on Monday. Atlanta Braves has a 52 week low of $38.67 and a 52 week high of $50.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50 day moving average price is $42.82 and its two-hundred day moving average price is $44.91. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -1,081.48 and a beta of 0.63.
Atlanta Braves (NASDAQ:BATRA – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.23. The company had revenue of $311.54 million for the quarter, compared to the consensus estimate of $309.06 million. Atlanta Braves had a negative net margin of 0.14% and a negative return on equity of 0.19%. As a group, analysts anticipate that Atlanta Braves will post -0.98 earnings per share for the current fiscal year.
Atlanta Braves Company Profile
The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.
Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.
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