Ashford (NYSE:AINC) Receives New Coverage from Analysts at StockNews.com

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

Ashford Stock Performance

Shares of NYSE AINC opened at $4.97 on Tuesday. The firm’s 50-day moving average is $3.08. Ashford has a 52 week low of $1.91 and a 52 week high of $9.50. The firm has a market cap of $17.10 million, a price-to-earnings ratio of -0.38 and a beta of 1.32.

Institutional Investors Weigh In On Ashford

A hedge fund recently raised its stake in Ashford stock. Renaissance Technologies LLC increased its position in shares of Ashford Inc. (NYSE:AINC) by 50.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 2.25% of Ashford worth $381,000 at the end of the most recent quarter. 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.