Ashford (NYSE:AINC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ashford (NYSE:AINC) in a research note released on Friday. The brokerage issued a hold rating on the stock.

Ashford Stock Performance

NYSE:AINC opened at $4.97 on Friday. 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 price-to-earnings ratio of -0.38 and a beta of 1.32. The firm has a fifty day simple moving average of $0.99.

Institutional Investors Weigh In On Ashford

An institutional investor recently raised its position in Ashford stock. Renaissance Technologies LLC grew its position in Ashford Inc. (NYSE:AINC) by 50.4% in 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 period. Renaissance Technologies LLC owned about 2.25% of Ashford worth $381,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.