SG Americas Securities LLC Decreases Holdings in Braemar Hotels & Resorts (NYSE:BHR)

SG Americas Securities LLC reduced its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 24.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,950 shares of the company’s stock after selling 2,904 shares during the quarter. SG Americas Securities LLC’s holdings in Braemar Hotels & Resorts were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hancock Whitney Corp bought a new position in Braemar Hotels & Resorts in the 4th quarter worth $145,000. Mackay Shields LLC grew its holdings in Braemar Hotels & Resorts by 10.6% during the fourth quarter. Mackay Shields LLC now owns 110,693 shares of the company’s stock valued at $989,000 after purchasing an additional 10,593 shares during the last quarter. LSV Asset Management grew its holdings in Braemar Hotels & Resorts by 8.0% during the fourth quarter. LSV Asset Management now owns 1,152,421 shares of the company’s stock valued at $10,291,000 after purchasing an additional 85,819 shares during the last quarter. United Services Automobile Association grew its holdings in Braemar Hotels & Resorts by 37.6% during the fourth quarter. United Services Automobile Association now owns 259,060 shares of the company’s stock valued at $2,313,000 after purchasing an additional 70,823 shares during the last quarter. Finally, Symons Capital Management Inc. acquired a new position in Braemar Hotels & Resorts during the fourth quarter valued at approximately $103,000. Institutional investors own 74.52% of the company’s stock.

Several equities analysts have commented on BHR shares. Deutsche Bank increased their price target on Braemar Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 1st. ValuEngine upgraded Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. B. Riley downgraded Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded Braemar Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.75.

Shares of Braemar Hotels & Resorts stock remained flat at $$10.40 during midday trading on Wednesday. 34,924 shares of the stock traded hands, compared to its average volume of 209,240. The firm has a market capitalization of $341.98 million, a P/E ratio of 6.71 and a beta of 1.26. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.75 and a current ratio of 2.75. Braemar Hotels & Resorts has a twelve month low of $8.32 and a twelve month high of $14.03.

Braemar Hotels & Resorts (NYSE:BHR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.49). The company had revenue of $128.51 million during the quarter, compared to analyst estimates of $120.97 million. Braemar Hotels & Resorts had a negative return on equity of 0.97% and a negative net margin of 0.80%. On average, analysts anticipate that Braemar Hotels & Resorts will post 1.34 earnings per share for the current year.

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Braemar Hotels & Resorts Company Profile

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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Institutional Ownership by Quarter for Braemar Hotels & Resorts (NYSE:BHR)

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