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

Stock analysts at StockNews.com initiated coverage on shares of Ashford (NYSE:AINC) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Ashford Stock Performance

NYSE AINC opened at $4.97 on Wednesday. Ashford has a 52 week low of $1.91 and a 52 week high of $9.50. The firm’s 50 day moving average price is $3.68. The company has a market capitalization of $17.10 million, a P/E ratio of -0.38 and a beta of 1.32.

Hedge Funds Weigh In On Ashford

An institutional investor recently raised its position in Ashford stock. Renaissance Technologies LLC increased its holdings in shares of Ashford Inc. (NYSE:AINC) by 50.4% during 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 acquiring an additional 26,000 shares during the quarter. Renaissance Technologies LLC owned approximately 2.25% of Ashford worth $381,000 as of its most recent SEC filing. 13.32% of the stock is 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.