Aigen Investment Management LP acquired a new stake in Braemar Hotels & Resorts (NYSE:BHR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 18,930 shares of the company’s stock, valued at approximately $169,000. Aigen Investment Management LP owned about 0.06% of Braemar Hotels & Resorts as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Boston Advisors LLC raised its holdings in shares of Braemar Hotels & Resorts by 40.9% during the third quarter. Boston Advisors LLC now owns 167,350 shares of the company’s stock valued at $1,571,000 after buying an additional 48,538 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Braemar Hotels & Resorts by 12.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 159,185 shares of the company’s stock valued at $1,495,000 after acquiring an additional 17,755 shares during the period. Squarepoint Ops LLC increased its position in Braemar Hotels & Resorts by 45.6% in the 3rd quarter. Squarepoint Ops LLC now owns 103,434 shares of the company’s stock valued at $971,000 after acquiring an additional 32,417 shares during the period. Teton Advisors Inc. increased its position in Braemar Hotels & Resorts by 62.5% in the 3rd quarter. Teton Advisors Inc. now owns 78,000 shares of the company’s stock valued at $732,000 after acquiring an additional 30,000 shares during the period. Finally, First Trust Advisors LP bought a new stake in Braemar Hotels & Resorts during the 3rd quarter valued at $690,000. 71.97% of the stock is owned by hedge funds and other institutional investors.
BHR stock opened at $8.16 on Friday. Braemar Hotels & Resorts has a 52 week low of $7.87 and a 52 week high of $14.03. The company has a market capitalization of $264.73 million, a price-to-earnings ratio of -7.10 and a beta of 1.15. The firm’s 50-day moving average is $8.55 and its two-hundred day moving average is $9.09. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.16.
A number of research analysts have issued reports on BHR shares. ValuEngine upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Zacks Investment Research lowered Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Deutsche Bank restated a “buy” rating and set a $17.00 price objective on shares of Braemar Hotels & Resorts in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Braemar Hotels & Resorts presently has an average rating of “Buy” and a consensus target price of $13.33.
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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