StockNews.com started coverage on shares of Ashford (NYSE:AINC – Get Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.
Ashford Stock Performance
Shares of AINC opened at $4.97 on Friday. The firm has a market cap of $17.10 million, a PE ratio of -0.38 and a beta of 1.32. The stock has a 50 day moving average of $4.97. Ashford has a 1 year low of $1.91 and a 1 year high of $9.50.
Institutional Investors Weigh In On Ashford
An institutional investor recently raised its position in Ashford stock. Renaissance Technologies LLC lifted its holdings in shares of Ashford Inc. (NYSE:AINC – Free Report) by 50.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 77,553 shares of the company’s stock after purchasing an additional 26,000 shares during the period. Renaissance Technologies LLC owned about 2.25% of Ashford worth $381,000 as of its most recent filing with the SEC. 13.32% of the stock is currently owned by hedge funds and other institutional investors.
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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