Braemar Hotels & Resorts (NYSE:BHR) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totaling 1,950,000 shares, an increase of 28.3% from the January 15th total of 1,520,000 shares. Based on an average trading volume of 489,100 shares, the short-interest ratio is currently 4.0 days.
BHR traded down $0.26 during trading on Friday, hitting $6.19. The company’s stock had a trading volume of 11,320 shares, compared to its average volume of 459,066. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 3.10. Braemar Hotels & Resorts has a twelve month low of $4.18 and a twelve month high of $7.45. The business’s fifty day simple moving average is $5.28 and its 200 day simple moving average is $5.11.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Braemar Hotels & Resorts by 4.5% in the third quarter. BlackRock Inc. now owns 10,640,304 shares of the company’s stock valued at $51,605,000 after purchasing an additional 453,404 shares during the period. Vanguard Group Inc. grew its holdings in Braemar Hotels & Resorts by 49.4% in the second quarter. Vanguard Group Inc. now owns 2,221,847 shares of the company’s stock valued at $13,798,000 after purchasing an additional 735,096 shares during the period. Zazove Associates LLC boosted its stake in shares of Braemar Hotels & Resorts by 1.4% in the third quarter. Zazove Associates LLC now owns 1,730,181 shares of the company’s stock worth $8,391,000 after acquiring an additional 24,057 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Braemar Hotels & Resorts by 350.6% in the second quarter. Millennium Management LLC now owns 1,561,605 shares of the company’s stock worth $9,698,000 after acquiring an additional 1,215,045 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Braemar Hotels & Resorts by 12.0% in the third quarter. UBS Group AG now owns 963,410 shares of the company’s stock worth $4,672,000 after acquiring an additional 103,558 shares during the last quarter. 70.14% of the stock is currently owned by institutional investors.
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separately, Zacks Investment Research raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, January 4th.
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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