Ashford (NYSEAMERICAN:AINC) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Ashford (NYSEAMERICAN:AINC – Get Rating) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the financial services provider’s stock.

Ashford Price Performance

Shares of AINC opened at $12.09 on Friday. The business’s fifty day moving average price is $13.60 and its 200 day moving average price is $14.53. Ashford has a 12-month low of $11.40 and a 12-month high of $19.70. The stock has a market capitalization of $37.66 million, a PE ratio of -1.27 and a beta of 2.00.

Ashford (NYSEAMERICAN:AINC – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.49. The firm had revenue of $178.41 million for the quarter, compared to analysts’ expectations of $199.58 million. Ashford had a negative return on equity of 21.27% and a net margin of 1.60%. As a group, research analysts anticipate that Ashford will post 5.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ashford

Hedge funds have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. raised its stake in shares of Ashford by 0.9% during the third quarter. Uniplan Investment Counsel Inc. now owns 119,037 shares of the financial services provider’s stock valued at $1,604,000 after purchasing an additional 1,025 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Ashford by 5.6% during the first 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 in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ashford by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 17,369 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 883 shares in the last quarter. 14.24% of the stock is currently owned by institutional investors.

Ashford Company Profile

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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.