Ashford (NYSEAMERICAN:AINC) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Ashford (NYSEAMERICAN:AINC – Get Rating) in a research note released on Wednesday morning. The brokerage issued a buy rating on the financial services provider’s stock.

Ashford Trading Down 2.1 %

NYSEAMERICAN:AINC opened at $12.09 on Wednesday. The company’s 50-day moving average price is $13.60 and its 200-day moving average price is $14.53. The company has a market cap of $37.66 million, a P/E ratio of -1.27 and a beta of 2.00. Ashford has a twelve month low of $11.40 and a twelve month high of $19.70.

Ashford (NYSEAMERICAN:AINC – Get Rating) last issued its earnings results on Wednesday, February 22nd. The financial services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.49. Ashford had a net margin of 1.60% and a negative return on equity of 21.27%. The company had revenue of $178.41 million for the quarter, compared to the consensus estimate of $199.58 million. On average, analysts expect that Ashford will post 5.75 earnings per share for the current year.

Hedge Funds Weigh In On Ashford

A number of institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Ashford by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 17,369 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 883 shares during the period. Uniplan Investment Counsel Inc. raised its stake in shares of Ashford by 0.9% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 119,037 shares of the financial services provider’s stock valued at $1,604,000 after acquiring an additional 1,025 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Ashford by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 81,717 shares of the financial services provider’s stock valued at $1,400,000 after acquiring an additional 4,314 shares during the period. 14.24% of the stock is owned by hedge funds and other 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.