Ashford (NYSE:AINC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Ashford (NYSE:AINC) in a research note published on Thursday morning. The firm issued a hold rating on the stock.

Ashford Stock Up 0.2 %

Shares of Ashford stock opened at $4.97 on Thursday. Ashford has a 1-year low of $1.91 and a 1-year high of $9.50. The firm’s fifty day simple moving average is $4.47. The company has a market cap of $17.10 million, a P/E ratio of -0.38 and a beta of 1.32.

Institutional Investors Weigh In On Ashford

An institutional investor recently raised its position in Ashford stock. Renaissance Technologies LLC lifted its position in shares of Ashford Inc. (NYSE:AINC) by 50.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (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 2.25% of Ashford worth $381,000 at the end of the most recent quarter. 13.32% of the stock is currently 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.