Zacks Investment Research Downgrades Ashford Inc (AINC) to Hold
Zacks Investment Research downgraded shares of Ashford Inc (NYSEMKT:AINC) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
According to Zacks, “Ashford Inc. is a provider of asset management and other services to companies within the hospitality industry. It is focused on managing real estate, hospitality, and securities platforms. The Company serves as the advisor to two real estate investment trusts, namely Ashford Hospitality Trust (Ashford Trust) and Ashford Hospitality Prime (Ashford Prime). Ashford Trust is focused on investing in the hospitality industry primarily within the United States. Ashford Prime invests in high RevPAR full-service and urban select-service hotels and resorts. Ashford Inc. is based in Dallas, Texas. “
Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Ashford from a buy rating to a hold rating in a research note on Friday, June 2nd. FBR & Co boosted their price target on shares of Ashford from $63.00 to $67.00 and gave the company an outperform rating in a research note on Tuesday, August 8th.
Shares of Ashford (NYSEMKT AINC) opened at 60.60 on Wednesday. Ashford has a 12 month low of $38.10 and a 12 month high of $65.70. The stock’s market capitalization is $122.47 million. The stock’s 50 day moving average is $57.31 and its 200 day moving average is $54.64.
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An institutional investor recently bought a new position in Ashford stock. Clear Harbor Asset Management LLC purchased a new position in shares of Ashford Inc (NYSEMKT:AINC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,212 shares of the financial services provider’s stock, valued at approximately $452,000. Clear Harbor Asset Management LLC owned approximately 0.46% of Ashford as of its most recent SEC filing.
Ashford Company Profile
Ashford Inc provides asset management and advisory services to other entities, primarily within the hospitality industry. The Company operates in the segment of asset and investment management, which includes managing the day-to-day operations of Ashford Hospitality Prime, Inc (Ashford Prime) and its subsidiaries.
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