AQR Capital Management LLC cut its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 470,429 shares of the company’s stock after selling 54,028 shares during the quarter. AQR Capital Management LLC owned 1.40% of Braemar Hotels & Resorts worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. First Trust Advisors LP grew its holdings in shares of Braemar Hotels & Resorts by 7.1% during the 2nd quarter. First Trust Advisors LP now owns 64,284 shares of the company’s stock valued at $184,000 after purchasing an additional 4,258 shares during the last quarter. Advisory Services Network LLC boosted its position in Braemar Hotels & Resorts by 26.4% during the 2nd quarter. Advisory Services Network LLC now owns 21,483 shares of the company’s stock worth $61,000 after buying an additional 4,483 shares during the period. Teton Advisors Inc. boosted its position in Braemar Hotels & Resorts by 5.2% during the 1st quarter. Teton Advisors Inc. now owns 110,500 shares of the company’s stock worth $188,000 after buying an additional 5,500 shares during the period. Rhumbline Advisers boosted its position in Braemar Hotels & Resorts by 10.8% during the 1st quarter. Rhumbline Advisers now owns 58,055 shares of the company’s stock worth $99,000 after buying an additional 5,654 shares during the period. Finally, Tudor Investment Corp Et Al boosted its position in Braemar Hotels & Resorts by 28.0% during the 1st quarter. Tudor Investment Corp Et Al now owns 30,947 shares of the company’s stock worth $53,000 after buying an additional 6,770 shares during the period. 44.30% of the stock is currently owned by institutional investors.

Shares of NYSE BHR opened at $2.53 on Tuesday. The company has a market capitalization of $84.83 million, a P/E ratio of -1.33 and a beta of 2.61. Braemar Hotels & Resorts has a 52-week low of $1.14 and a 52-week high of $10.39. The company has a debt-to-equity ratio of 3.73, a quick ratio of 2.34 and a current ratio of 2.34. The company’s 50 day moving average price is $2.53 and its 200-day moving average price is $2.69.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.88). The firm had revenue of $12.90 million during the quarter, compared to analyst estimates of $16.47 million. Braemar Hotels & Resorts had a negative return on equity of 14.83% and a negative net margin of 13.71%. Analysts forecast that Braemar Hotels & Resorts will post -1.25 earnings per share for the current year.

BHR has been the topic of several recent research reports. Deutsche Bank reiterated a “buy” rating and set a $6.00 target price (up from $5.00) on shares of Braemar Hotels & Resorts in a research report on Friday, July 31st. B. Riley downgraded shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday, June 5th. Zacks Investment Research downgraded shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. Finally, ValuEngine upgraded shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.83.

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).

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Institutional Ownership by Quarter for Braemar Hotels & Resorts (NYSE:BHR)

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