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

Sei Investments Co. lifted its holdings in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) by 156.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 464,867 shares of the company’s stock after purchasing an additional 283,476 shares during the quarter. Sei Investments Co. owned about 0.68% of BRAEMAR HOTELS & RESORTS worth $1,097,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Kathmere Capital Management LLC increased its stake in BRAEMAR HOTELS & RESORTS by 55.0% in the first quarter. Kathmere Capital Management LLC now owns 15,745 shares of the company’s stock valued at $37,000 after purchasing an additional 5,589 shares during the last quarter. Ritholtz Wealth Management lifted its position in BRAEMAR HOTELS & RESORTS by 12.1% during the first quarter. Ritholtz Wealth Management now owns 152,331 shares of the company’s stock worth $360,000 after buying an additional 16,500 shares during the period. Hsbc Holdings PLC boosted its stake in BRAEMAR HOTELS & RESORTS by 44.2% in the 4th quarter. Hsbc Holdings PLC now owns 107,120 shares of the company’s stock worth $298,000 after buying an additional 32,826 shares during the last quarter. Corient Private Wealth LLC boosted its stake in BRAEMAR HOTELS & RESORTS by 42.7% in the 4th quarter. Corient Private Wealth LLC now owns 51,490 shares of the company’s stock worth $148,000 after buying an additional 15,395 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in BRAEMAR HOTELS & RESORTS in the 4th quarter worth about $52,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

BRAEMAR HOTELS & RESORTS Price Performance

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

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

Analyst Ratings Changes

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

BRAEMAR HOTELS & RESORTS Profile

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.