Ashford (NYSEAMERICAN:AINC) Receives New Coverage from Analysts at started coverage on shares of Ashford (NYSEAMERICAN:AINCGet 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:AINCGet 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

(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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