Ashford Company Limited (NYSEAMERICAN:AINC) has received an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $75.67.
AINC has been the subject of a number of recent research reports. B. Riley set a $92.00 target price on Ashford and gave the stock a “hold” rating in a report on Monday, March 5th. Zacks Investment Research cut Ashford from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, TheStreet cut Ashford from a “c-” rating to a “d” rating in a report on Tuesday, March 6th.
A number of institutional investors and hedge funds have recently bought and sold shares of AINC. Snow Park Capital Partners LP purchased a new position in Ashford during the 4th quarter valued at $1,226,000. Bank of New York Mellon Corp purchased a new position in Ashford during the 4th quarter valued at $292,000. California Public Employees Retirement System purchased a new position in Ashford during the 4th quarter valued at $281,000. Globeflex Capital L P purchased a new position in Ashford during the 4th quarter valued at $262,000. Finally, Millennium Management LLC purchased a new position in Ashford during the 4th quarter valued at $212,000.
Shares of Ashford stock opened at $96.48 on Friday. Ashford has a one year low of $47.03 and a one year high of $111.00.
Ashford (NYSEAMERICAN:AINC) last announced its earnings results on Thursday, March 1st. The financial services provider reported ($3.48) EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($3.68). The company had revenue of $29.67 million during the quarter, compared to analysts’ expectations of $27.54 million. Ashford had a negative return on equity of 23.28% and a negative net margin of 11.73%.
Ashford declared that its board has initiated a share buyback plan on Monday, December 11th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
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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.
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