StockNews.com started coverage on shares of Ashford (NYSE:AINC – Free Report) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.
Ashford Stock Performance
AINC stock opened at $4.97 on Tuesday. Ashford has a one year low of $1.91 and a one year high of $9.50. The company has a market capitalization of $17.10 million, a PE ratio of -0.38 and a beta of 1.32. The stock’s fifty day moving average is $3.48.
Institutional Investors Weigh In On Ashford
A hedge fund recently raised its stake in Ashford stock. Renaissance Technologies LLC lifted its position in shares of Ashford Inc. (NYSE:AINC – Free Report) by 50.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,553 shares of the company’s stock after buying 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 SEC filing. 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.
Featured Stories
- Five stocks we like better than Ashford
- How is Compound Interest Calculated?
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- Consumer Discretionary Stocks Explained
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Receive News & Ratings for Ashford Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford and related companies with MarketBeat.com's FREE daily email newsletter.
