Sei Investments Co. Boosts Stock Position in BRAEMAR HOTELS & RESORTS INC. $BHR

Sei Investments Co. raised its holdings in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) by 156.3% during the first quarter, HoldingsChannel.com reports. The firm owned 464,867 shares of the company’s stock after buying an additional 283,476 shares during the period. Sei Investments Co.’s holdings in BRAEMAR HOTELS & RESORTS were worth $1,097,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Algert Global LLC raised its stake in BRAEMAR HOTELS & RESORTS by 24.3% during the third quarter. Algert Global LLC now owns 25,746 shares of the company’s stock worth $70,000 after buying an additional 5,030 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in BRAEMAR HOTELS & RESORTS during the third quarter valued at $93,000. Landmark Investment Partners L.P. bought a new stake in BRAEMAR HOTELS & RESORTS during the third quarter valued at $2,110,000. Quinn Opportunity Partners LLC acquired a new stake in BRAEMAR HOTELS & RESORTS during the 3rd quarter worth about $55,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in BRAEMAR HOTELS & RESORTS by 120.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 822,847 shares of the company’s stock worth $2,246,000 after acquiring an additional 450,234 shares during the period. 64.79% of the stock is owned by institutional investors and hedge funds.

BRAEMAR HOTELS & RESORTS Stock Up 1.5%

BHR stock opened at $2.04 on Thursday. BRAEMAR HOTELS & RESORTS INC. has a twelve month low of $1.88 and a twelve month high of $3.19. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 7.45. The stock’s 50 day moving average is $2.17 and its 200-day moving average is $2.46. The firm has a market capitalization of $140.11 million, a PE ratio of -2.79 and a beta of 0.80.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.43. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.87% and a negative net margin of 0.45%.The company had revenue of $171.03 million for the quarter, compared to analysts’ expectations of $166.22 million. Sell-side analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BHR shares. Robert W. Baird boosted their price objective on BRAEMAR HOTELS & RESORTS from $2.00 to $2.50 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Weiss Ratings cut BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $2.50.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.