Ashford (NYSE:AINC) Now Covered by Analysts at StockNews.com

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

Ashford Stock Performance

AINC stock opened at $4.97 on Thursday. The firm has a fifty day simple moving average of $4.37. Ashford has a fifty-two week low of $1.91 and a fifty-two 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.

Institutional Trading of Ashford

A hedge fund recently raised its stake in Ashford stock. Renaissance Technologies LLC increased its stake in Ashford Inc. (NYSE:AINC) by 50.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,553 shares of the company’s stock after acquiring an additional 26,000 shares during the period. 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 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.