Ashford (NYSEAMERICAN:AINC) Now Covered by Analysts at StockNews.com

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

Ashford Trading Down 2.1 %

Shares of Ashford stock traded down $0.26 during trading on Friday, reaching $12.09. The company’s stock had a trading volume of 1,518 shares, compared to its average volume of 4,260. The company has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $14.53. The firm has a market cap of $37.66 million, a PE ratio of -1.27 and a beta of 2.00. Ashford has a fifty-two week low of $11.40 and a fifty-two week high of $19.70.

Ashford (NYSEAMERICAN:AINC – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The financial services provider reported $1.50 earnings per share for the quarter, beating 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 firm had revenue of $178.41 million for the quarter, compared to analyst estimates of $199.58 million. On average, analysts predict that Ashford will post 5.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ashford

A number of hedge funds and other institutional investors have recently bought and sold shares of AINC. Geode Capital Management LLC boosted its position in shares of Ashford by 5.4% during the 4th 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 in the last quarter. Uniplan Investment Counsel Inc. boosted its position in shares of Ashford by 0.9% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 119,037 shares of the financial services provider’s stock worth $1,604,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Ashford by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 81,717 shares of the financial services provider’s stock worth $1,400,000 after purchasing an additional 4,314 shares in the last quarter. 14.24% of the stock is currently owned by hedge funds and other institutional investors.

About Ashford

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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.