Equities researchers at StockNews.com initiated coverage on shares of Ashford (NYSE:AINC – Get Free Report) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.
Ashford Stock Performance
AINC opened at $4.97 on Thursday. The business has a 50 day simple moving average of $4.27. The company has a market cap of $17.10 million, a P/E ratio of -0.38 and a beta of 1.32. Ashford has a 12 month low of $1.91 and a 12 month high of $9.50.
Institutional Trading of Ashford
A hedge fund recently raised its stake in Ashford stock. Renaissance Technologies LLC grew its stake in shares of Ashford Inc. (NYSE:AINC – Free Report) by 50.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,553 shares of the company’s stock after buying an additional 26,000 shares during the quarter. Renaissance Technologies LLC owned 2.25% of Ashford worth $381,000 at the end of the most recent quarter. Institutional investors own 13.32% of the company’s stock.
About Ashford
Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.
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