Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Braemar Hotels & Resorts Inc. shares valued at $1,211,663 were sold by Bennett Monty J on Feb 28. At $4.83 per share, Bennett Monty J sold 250,862 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Also, Bennett Monty J sold 75,361 shares, netting a total of over 363,994 in proceeds. Following the sale of shares at $4.83 each, the insider now holds 23,334 shares.
Before that, Bennett Monty J had sold 70,186 shares from its account. In a trade valued at $341,806, the Director traded Braemar Hotels & Resorts Inc. shares for $4.87 each. Upon closing the transaction, the insider’s holdings decreased to 70,186 shares, worth approximately $59459.74999999999.
As published in their initiating research note from Oppenheimer on April 22, 2022, Braemar Hotels & Resorts Inc. [BHR] has been an Outperform and the price target has been revised to $9. This represents a 52.56% premium over Wednesday’s closing price. Analysts at B. Riley FBR downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of March 10, 2020, DA Davidson has decreased its “Buy” rating to a “Neutral” for BHR. Earlier on July 10, 2019, B. Riley FBR upgraded its rating. Their new recommendation was “a Buy” for BHR stock which previously was a “a Neutral”.
Analyzing BHR Stock Performance
On Wednesday, Braemar Hotels & Resorts Inc. [NYSE: BHR] plunged -1.61% to $4.27. The stock’s lowest price that day was $4.10, but it reached a high of $4.29 in the same session. During the last five days, there has been a drop of approximately -10.11%. Over the course of the year, Braemar Hotels & Resorts Inc. shares have jumped approximately 3.89%. Shares of the company reached a 52-week high of $5.60 on 02/03/23 and a 52-week low of $3.99 on 01/05/23. A 50-day SMA is recorded $4.84, while a 200-day SMA reached $4.74. Nevertheless, trading volume fell to 0.85 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Braemar Hotels & Resorts Inc. (BHR)
According to the 24-hour chart, there is a support level at 4.15, which, if violated, would cause prices to drop to 4.03. In the upper region, resistance lies at 4.34. The next price resistance is at 4.41. RSI (Relative Strength Index) is 33.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 81.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Braemar Hotels & Resorts Inc. subject to short interest?
Stocks of Braemar Hotels & Resorts Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 90000.0 shares to 2.56 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 2.47 million shares. A jump of 3.52% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.64 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.64.
Which companies own the most shares of Braemar Hotels & Resorts Inc. (BHR)?
According to BlackRock Fund Advisors filings, the company currently owns 6,950,642 shares, which is about 10.38% of the total BHR shares outstanding. The investor’s shares have appreciated by 358,337 from its previous 13-F filing of 6592305.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $15,223,526. BlackRock Advisors LLC reduced a -5.77% interest valued at $11.4 million while LSV Asset Management purchased a 249,345 stake. A total of 0 shares of Braemar Hotels & Resorts Inc. were bought by Davidson Kempner Capital Manageme during the quarter, and 103,152 were bought by Zazove Associates LLC. In its current portfolio, Knighthead Capital Management LLC holds 1,498,937 shares valued at $6.99 million.
In terms of Braemar Hotels & Resorts Inc. share price expectations, FactSet research, analysts set an average price target of $8.75 in the next 12 months, up nearly 72.81% from the previous closing price of $4.34. Analysts anticipate Braemar Hotels & Resorts Inc. stock to reach $15.00 by 2023, with the lowest price target being $5.00. In spite of this, 4 analysts ranked Braemar Hotels & Resorts Inc. stock as an Overweight at the end of 2023. On May 01, 2019, B. Riley FBR assigned a price target of “a Neutral” to the stock and downgraded coverage with a $14.