Penn Capital Management Company LLC Acquires New Shares in BRAEMAR HOTELS & RESORTS INC. $BHR

Penn Capital Management Company LLC acquired a new position in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 294,343 shares of the company’s stock, valued at approximately $804,000. Penn Capital Management Company LLC owned 0.43% of BRAEMAR HOTELS & RESORTS as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHR. Jacobs Levy Equity Management Inc. purchased a new stake in BRAEMAR HOTELS & RESORTS in the third quarter valued at $277,000. Worth Venture Partners LLC acquired a new stake in shares of BRAEMAR HOTELS & RESORTS during the 3rd quarter worth about $211,000. Verition Fund Management LLC acquired a new stake in shares of BRAEMAR HOTELS & RESORTS during the 3rd quarter worth about $82,000. Public Employees Retirement System of Ohio purchased a new stake in BRAEMAR HOTELS & RESORTS in the 3rd quarter valued at about $38,000. Finally, Millennium Management LLC raised its holdings in BRAEMAR HOTELS & RESORTS by 631.7% in the 3rd quarter. Millennium Management LLC now owns 466,672 shares of the company’s stock valued at $1,274,000 after buying an additional 402,895 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

BRAEMAR HOTELS & RESORTS Trading Down 5.1%

BHR opened at $2.42 on Thursday. The business has a fifty day moving average price of $2.87 and a 200 day moving average price of $2.79. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.64 and a quick ratio of 1.64. BRAEMAR HOTELS & RESORTS INC. has a 12 month low of $1.80 and a 12 month high of $3.19. The stock has a market capitalization of $166.14 million, a price-to-earnings ratio of -2.26 and a beta of 0.71.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.62). BRAEMAR HOTELS & RESORTS had a negative net margin of 3.17% and a negative return on equity of 13.42%. The company had revenue of $165.56 million during the quarter, compared to analyst estimates of $147.20 million. Sell-side analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 29th. Zacks Research raised shares of BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of BRAEMAR HOTELS & RESORTS from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

BRAEMAR HOTELS & RESORTS Profile

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.