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

StockNews.com initiated coverage on shares of Ashford (NYSE:AINC) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the stock.

Ashford Price Performance

Ashford stock opened at $4.97 on Wednesday. Ashford has a 52-week low of $1.91 and a 52-week 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 business’s fifty day simple moving average is $3.98.

Institutional Investors Weigh In On Ashford

A hedge fund recently raised its stake in Ashford stock. Renaissance Technologies LLC lifted its position in Ashford Inc. (NYSE:AINC) by 50.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. 13.32% of the stock is currently owned by institutional investors and hedge funds.

About Ashford

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.