Several other analysts have also weighed in on the company. B. Riley lowered their target price on Ashford from $15.00 to $10.00 in a report on Monday, May 22nd. Oppenheimer decreased their price objective on Ashford from $20.00 to $17.00 and set an outperform rating on the stock in a research note on Thursday, August 10th.
Ashford Stock Performance
Ashford (NYSEAMERICAN:AINC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.50). The business had revenue of $192.71 million for the quarter, compared to analysts’ expectations of $181.71 million. Ashford had a negative return on equity of 17.46% and a net margin of 0.01%. Equities research analysts forecast that Ashford will post 5.83 earnings per share for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Ashford stock. Geode Capital Management LLC boosted its holdings in shares of Ashford Inc. (NYSEAMERICAN:AINC – Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,369 shares of the financial services provider’s stock after acquiring an additional 883 shares during the period. Geode Capital Management LLC owned 0.56% of Ashford worth $241,000 as of its most recent filing with the SEC. 12.95% of the stock is currently owned by institutional investors.
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.
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