Geode Capital Management LLC Buys 39,556 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Geode Capital Management LLC boosted its position in shares of Braemar Hotels & Resorts (NYSE:BHR) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,425,781 shares of the company’s stock after acquiring an additional 39,556 shares during the quarter. Geode Capital Management LLC owned 2.14% of Braemar Hotels & Resorts worth $4,406,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Braemar Hotels & Resorts by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock valued at $656,000 after buying an additional 6,140 shares during the last quarter. Rhumbline Advisers grew its position in shares of Braemar Hotels & Resorts by 154.7% during the 2nd quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after purchasing an additional 238,782 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Braemar Hotels & Resorts by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock worth $2,035,000 after purchasing an additional 44,599 shares during the period. Renaissance Technologies LLC raised its position in shares of Braemar Hotels & Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after buying an additional 40,100 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Braemar Hotels & Resorts in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Braemar Hotels & Resorts Trading Up 0.7 %

Shares of BHR opened at $3.03 on Monday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The firm has a market cap of $201.56 million, a price-to-earnings ratio of -3.94 and a beta of 2.08. The business’s fifty day moving average is $3.29 and its 200-day moving average is $3.16.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. The business had revenue of $148.40 million for the quarter, compared to analyst estimates of $157.78 million. During the same quarter in the previous year, the company posted ($0.08) EPS. Equities analysts anticipate that Braemar Hotels & Resorts will post 0.43 EPS for the current fiscal year.

About Braemar Hotels & Resorts

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).