Jane Street Group LLC Decreases Position in Braemar Hotels & Resorts (NYSE:BHR)

Jane Street Group LLC lessened its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 23.7% during the third quarter, HoldingsChannel.com reports. The fund owned 109,303 shares of the company’s stock after selling 34,021 shares during the quarter. Jane Street Group LLC’s holdings in Braemar Hotels & Resorts were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Braemar Hotels & Resorts by 2.7% in the third quarter. State Street Corp now owns 1,252,550 shares of the company’s stock valued at $3,932,000 after acquiring an additional 33,278 shares during the period. Verition Fund Management LLC purchased a new position in shares of Braemar Hotels & Resorts in the third quarter worth approximately $68,000. BNP Paribas Financial Markets grew its position in Braemar Hotels & Resorts by 27.4% during the third quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after buying an additional 8,206 shares during the period. Intech Investment Management LLC purchased a new stake in Braemar Hotels & Resorts during the third quarter valued at approximately $36,000. Finally, PFG Investments LLC increased its holdings in Braemar Hotels & Resorts by 74.4% during the third quarter. PFG Investments LLC now owns 79,512 shares of the company’s stock valued at $246,000 after buying an additional 33,932 shares during the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

Braemar Hotels & Resorts Trading Down 2.5 %

Shares of BHR stock opened at $2.70 on Friday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a fifty day simple moving average of $3.28 and a two-hundred day simple moving average of $3.15. The firm has a market capitalization of $179.61 million, a PE ratio of -3.51 and a beta of 2.08. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95.

Braemar Hotels & Resorts (NYSE:BHR) last issued its earnings results on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $148.40 million for the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. During the same quarter last year, the company earned ($0.08) EPS. On average, analysts predict that Braemar Hotels & Resorts will post 0.43 EPS for the current fiscal year.

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).