StockNews.com Initiates Coverage on Ashford (NYSE:AINC)

Analysts at StockNews.com initiated coverage on shares of Ashford (NYSE:AINC) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Ashford Stock Up 0.2 %

Shares of AINC opened at $4.97 on Tuesday. The company has a market cap of $17.10 million, a PE ratio of -0.38 and a beta of 1.32. Ashford has a 52 week low of $1.91 and a 52 week high of $9.50. The firm has a fifty day moving average price of $3.18.

Institutional Trading of Ashford

An institutional investor recently raised its position in Ashford stock. Renaissance Technologies LLC grew its holdings in shares of Ashford Inc. (NYSE:AINC) by 50.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,553 shares of the company’s stock after acquiring an additional 26,000 shares during the period. Renaissance Technologies LLC owned 2.25% of Ashford worth $381,000 as of its most recent SEC filing. 13.32% of the stock is owned by institutional investors and hedge funds.

Ashford Company Profile

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.