StockNews.com started coverage on shares of Ashford (NYSE:AINC – Free Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.
Ashford Trading Up 0.2 %
Shares of AINC stock opened at $4.97 on Wednesday. The stock has a market capitalization of $17.10 million, a price-to-earnings ratio of -0.38 and a beta of 1.32. The stock’s 50-day moving average is $3.98. Ashford has a 1-year low of $1.91 and a 1-year high of $9.50.
Institutional Inflows and Outflows
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 its most recent disclosure with the SEC. The institutional investor owned 77,553 shares of the company’s stock after purchasing an additional 26,000 shares during the quarter. Renaissance Technologies LLC owned about 2.25% of Ashford worth $381,000 as of its most recent filing with the SEC. Institutional investors own 13.32% of the company’s stock.
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.
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