Initiates Coverage on Ashford (NYSEAMERICAN:AINC)

Equities research analysts at initiated coverage on shares of Ashford (NYSEAMERICAN:AINCGet Rating) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the financial services provider’s stock.

Ashford Trading Up 2.9 %

Shares of NYSEAMERICAN AINC opened at $12.35 on Wednesday. The company has a market capitalization of $38.47 million, a price-to-earnings ratio of -1.30 and a beta of 2.00. Ashford has a twelve month low of $11.40 and a twelve month high of $19.70. The business has a 50 day simple moving average of $13.62 and a 200-day simple moving average of $14.55.

Ashford (NYSEAMERICAN:AINCGet Rating) last released its earnings results on Wednesday, February 22nd. The financial services provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.49. Ashford had a net margin of 1.60% and a negative return on equity of 21.27%. The firm had revenue of $178.41 million during the quarter, compared to analyst estimates of $199.58 million. As a group, equities analysts predict that Ashford will post 5.75 earnings per share for the current year.

Institutional Trading of Ashford

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Ashford by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 17,369 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 883 shares during the period. Vanguard Group Inc. boosted its stake in Ashford by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 81,717 shares of the financial services provider’s stock valued at $1,400,000 after purchasing an additional 4,314 shares during the period. Finally, Uniplan Investment Counsel Inc. grew its position in Ashford by 0.9% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 119,037 shares of the financial services provider’s stock worth $1,604,000 after purchasing an additional 1,025 shares during the last quarter. 14.24% of the stock is currently owned by institutional investors and hedge funds.

About Ashford

(Get Rating)

Ashford, Inc engages in the provision of asset management, advisory services and other products and services primarily to clients in the hospitality industry. The firm operates through following business segments: REIT Advisory, Remington, Premier, JSAV, OpenKey, and Corporate & Other. The REIT Advisory segment provides asset management and advisory services to other entities.

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