Jane Street Group LLC Sells 34,021 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Jane Street Group LLC reduced its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 23.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,303 shares of the company’s stock after selling 34,021 shares during the period. Jane Street Group LLC owned about 0.16% of Braemar Hotels & Resorts worth $338,000 at the end of the most recent reporting period.

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

Braemar Hotels & Resorts Price Performance

Shares of NYSE BHR opened at $2.70 on Friday. The company’s 50-day moving average is $3.28 and its 200 day moving average is $3.15. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $179.61 million, a P/E ratio of -3.51 and a beta of 2.08. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Monday, November 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $148.40 million during the quarter, compared to analysts’ expectations 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 business posted ($0.08) EPS. On average, sell-side analysts expect that Braemar Hotels & Resorts will post 0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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).