Campbell Capital Management Inc. Purchases 43,498 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Campbell Capital Management Inc. lifted its position in Braemar Hotels & Resorts (NYSE:BHR) by 12.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,941 shares of the company’s stock after buying an additional 43,498 shares during the period. Braemar Hotels & Resorts comprises 1.1% of Campbell Capital Management Inc.’s holdings, making the stock its 26th largest position. Campbell Capital Management Inc. owned 0.92% of Braemar Hotels & Resorts worth $2,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. bought a new stake in shares of Braemar Hotels & Resorts in the 3rd quarter valued at $38,000. Paloma Partners Management Co bought a new stake in shares of Braemar Hotels & Resorts in the 4th quarter valued at $94,000. Citigroup Inc. increased its position in shares of Braemar Hotels & Resorts by 22,851.0% in the 4th quarter. Citigroup Inc. now owns 22,492 shares of the company’s stock valued at $104,000 after buying an additional 22,394 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Braemar Hotels & Resorts in the 4th quarter valued at $162,000. Finally, Bank of New York Mellon Corp increased its position in shares of Braemar Hotels & Resorts by 114.5% in the 4th quarter. Bank of New York Mellon Corp now owns 36,581 shares of the company’s stock valued at $169,000 after buying an additional 19,530 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

In related news, CFO Deric S. Eubanks sold 75,000 shares of the firm’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $6.90, for a total value of $517,500.00. Following the completion of the sale, the chief financial officer now directly owns 82,938 shares in the company, valued at approximately $572,272.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Stockton sold 213,606 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $6.62, for a total transaction of $1,414,071.72. 9.50% of the stock is owned by company insiders.

BHR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on Braemar Hotels & Resorts from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 4th. B. Riley increased their target price on Braemar Hotels & Resorts from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Thursday, March 4th. Robert W. Baird reiterated a “hold” rating and set a $8.00 target price on shares of Braemar Hotels & Resorts in a report on Friday, March 19th. Finally, Zacks Investment Research upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, February 22nd.

Shares of NYSE BHR traded down $0.09 during mid-day trading on Thursday, hitting $6.07. The company had a trading volume of 4,865 shares, compared to its average volume of 487,852. The company has a market capitalization of $251.02 million, a PE ratio of -2.90 and a beta of 3.05. The firm has a 50-day simple moving average of $6.60 and a two-hundred day simple moving average of $4.57. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 4.02. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $7.45.

Braemar Hotels & Resorts (NYSE:BHR) last announced its quarterly earnings data on Wednesday, February 24th. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.54). Braemar Hotels & Resorts had a negative net margin of 19.42% and a negative return on equity of 17.78%. Sell-side analysts expect that Braemar Hotels & Resorts will post -0.91 earnings per share for the current fiscal year.

Braemar Hotels & Resorts 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).

Read More: What is a back-end load?

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

Receive News & Ratings for Braemar Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.