Ashford (NYSE:AINC) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Ashford (NYSE:AINC) in a report released on Thursday. The brokerage issued a hold rating on the stock.

Ashford Price Performance

Ashford stock opened at $4.97 on Thursday. Ashford has a one year low of $1.91 and a one year high of $9.50. The stock has a market capitalization of $17.10 million, a PE ratio of -0.38 and a beta of 1.32. The firm’s fifty day simple moving average is $4.47.

Institutional Investors Weigh In On Ashford

An institutional investor recently raised its position in Ashford stock. Renaissance Technologies LLC raised its position in Ashford Inc. (NYSE:AINC) by 50.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,553 shares of the company’s stock after acquiring an additional 26,000 shares during the quarter. Renaissance Technologies LLC owned approximately 2.25% of Ashford worth $381,000 at the end of the most recent quarter. Hedge funds and other 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.