Century Capital Management LLC decreased its stake in shares of Ashford Hospitality Prime Inc (NYSE:AHP) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,079 shares of the real estate investment trust’s stock after selling 8,163 shares during the period. Century Capital Management LLC’s holdings in Ashford Hospitality Prime were worth $393,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. RMR Advisors LLC increased its stake in shares of Ashford Hospitality Prime by 6.5% in the third quarter. RMR Advisors LLC now owns 16,297 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 1,000 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Ashford Hospitality Prime by 16.6% in the third quarter. Acrospire Investment Management LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,100 shares during the period. Wells Fargo & Company MN increased its stake in shares of Ashford Hospitality Prime by 13.9% in the third quarter. Wells Fargo & Company MN now owns 10,719 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,306 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Ashford Hospitality Prime by 12.1% in the first quarter. Great West Life Assurance Co. Can now owns 19,164 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 2,070 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Ashford Hospitality Prime by 8.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 28,807 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 2,364 shares during the period. 75.77% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Ashford Hospitality Prime (NYSE:AHP)

Ashford Hospitality Prime Inc (NYSE:AHP) traded up 0.50% during mid-day trading on Friday, reaching $10.00. The company’s stock had a trading volume of 371,574 shares. Ashford Hospitality Prime Inc has a 12-month low of $9.82 and a 12-month high of $17.64. The company has a market cap of $272.67 million, a PE ratio of 18.94 and a beta of 1.20. The firm’s 50 day moving average is $10.59 and its 200-day moving average is $12.30.

Ashford Hospitality Prime (NYSE:AHP) last released its earnings results on Wednesday, February 22nd. The real estate investment trust reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $93.98 million for the quarter, compared to the consensus estimate of $93.09 million. Ashford Hospitality Prime had a return on equity of 3.94% and a net margin of 3.13%. Equities analysts anticipate that Ashford Hospitality Prime Inc will post $0.54 earnings per share for the current fiscal year.

WARNING: “Ashford Hospitality Prime Inc (AHP) Position Reduced by Century Capital Management LLC” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/05/19/ashford-hospitality-prime-inc-ahp-position-reduced-by-century-capital-management-llc.html.

Several analysts recently issued reports on the company. FBR & Co set a $15.00 target price on Ashford Hospitality Prime and gave the company a “buy” rating in a research note on Saturday, April 8th. Zacks Investment Research raised Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Canaccord Genuity reissued a “hold” rating and set a $14.00 target price on shares of Ashford Hospitality Prime in a research note on Wednesday, January 25th. JMP Securities reissued a “market perform” rating on shares of Ashford Hospitality Prime in a research note on Friday, April 7th. Finally, Janney Montgomery Scott raised Ashford Hospitality Prime from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, January 31st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.50.

In other news, Director Curtis B. Mcwilliams bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of $10.50 per share, for a total transaction of $52,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Stockton bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average price of $10.75 per share, for a total transaction of $107,500.00. Following the transaction, the chief executive officer now owns 247,434 shares of the company’s stock, valued at $2,659,915.50. The disclosure for this purchase can be found here. Company insiders own 23.68% of the company’s stock.

Ashford Hospitality Prime Company Profile

Ashford Hospitality Prime, Inc invests in high revenue per available room (RevPAR), luxury hotels and resorts. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). The Company operates in the direct hotel investment segment of the hotel lodging industry.

5 Day Chart for NYSE:AHP

Receive News & Stock Ratings for Ashford Hospitality Prime Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Prime Inc and related stocks with our FREE daily email newsletter.