Ashford Inc (AINC) Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of Ashford Inc (NYSEAMERICAN:AINC) by 201.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,846 shares of the financial services provider’s stock after purchasing an additional 11,266 shares during the quarter. Renaissance Technologies LLC’s holdings in Ashford were worth $1,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Ashford by 27.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,382 shares of the financial services provider’s stock worth $284,000 after buying an additional 942 shares during the period. Royce & Associates LP raised its holdings in Ashford by 78.6% during the 2nd quarter. Royce & Associates LP now owns 10,000 shares of the financial services provider’s stock worth $648,000 after buying an additional 4,400 shares during the period. Millennium Management LLC raised its holdings in Ashford by 442.9% during the 1st quarter. Millennium Management LLC now owns 12,356 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 10,080 shares during the period. Finally, BlackRock Inc. raised its holdings in Ashford by 153.5% during the 2nd quarter. BlackRock Inc. now owns 58,354 shares of the financial services provider’s stock worth $3,781,000 after buying an additional 35,335 shares during the period.

NYSEAMERICAN:AINC opened at $66.19 on Friday. Ashford Inc has a fifty-two week low of $53.00 and a fifty-two week high of $111.00.

Ashford (NYSEAMERICAN:AINC) last released its earnings results on Thursday, August 9th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.46. Ashford had a negative return on equity of 23.28% and a negative net margin of 11.73%. The company had revenue of $54.81 million for the quarter, compared to analysts’ expectations of $42.08 million.

Several analysts have issued reports on AINC shares. B. Riley set a $95.00 price objective on Ashford and gave the stock a “hold” rating in a report on Friday, August 10th. TheStreet upgraded Ashford from a “d” rating to a “c+” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research upgraded Ashford from a “strong sell” rating to a “hold” rating in a report on Monday, July 9th.

Ashford Profile

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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Institutional Ownership by Quarter for Ashford (NYSEAMERICAN:AINC)

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