An investment management company released its 'Small-Cap Value Fund' third quarter 2023 investor letter, discussing the positive performance of the fund and mentioning Atlanta Braves Holdings, Inc. (BATRK) as one of its holdings. The letter highlights the spin-off of Atlanta Braves Holdings from Liberty Media Corporation and the opportunity it presented to boost the position size. The stock of Atlanta Braves Holdings has shown strong performance, with a one-month return of 10.06% and a 55.40% gain over the last 52 weeks. The company has a market capitalization of $2.194 billion. According to hedge fund data, 29 hedge fund portfolios held Atlanta Braves Holdings at the end of the second quarter. [6a15740c]
Short interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) increased by 11.3% in May, with a total of 823,700 shares sold short. This represents approximately 2.2% of the company's shares. The short-interest ratio is currently 4.7 days based on an average daily volume of 174,700 shares. The stock traded at $39.53 on June 14th, with a fifty-day moving average of $38.85 and a two-hundred-day moving average of $38.95. Atlanta Braves reported a quarterly loss of ($0.83) per share on May 8th, with revenue of $37.08 million. The company is expected to post a loss of $0.46 per share for the current fiscal year. The stock has an average rating of 'Hold' and a consensus target price of $45.00. Institutional investors own 64.88% of the company's stock. [9ed0db48]
Short interest in James Hardie Industries plc (NYSE:JHX) increased by 48.2% in May. As of May 31st, there was short interest totaling 65,200 shares, up from 44,000 shares on May 15th. The days-to-cover ratio is currently 1.0 days based on an average daily volume of 62,400 shares. James Hardie Industries stock traded down $0.18 on Friday, reaching $31.67. The company has a market cap of $13.74 billion, a PE ratio of 27.30, and a beta of 1.69. Several analysts have weighed in on the stock, with one sell rating, two hold ratings, and two buy ratings. The consensus target price is $35.50. James Hardie Industries last reported quarterly earnings on May 20th, with earnings per share of $0.40. The company is expected to post EPS of 1.51 for the current year. Institutional investors and hedge funds own 7.96% of the stock. [57051444]