B. Riley set a $91.00 target price on Ashford (NYSEAMERICAN:AINC) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the financial services provider’s stock. B. Riley also issued estimates for Ashford’s Q4 2018 earnings at ($2.20) EPS, FY2018 earnings at ($0.26) EPS, Q1 2019 earnings at ($0.62) EPS, Q2 2019 earnings at ($0.83) EPS, Q3 2019 earnings at ($2.92) EPS, Q4 2019 earnings at ($2.35) EPS, FY2019 earnings at ($6.72) EPS and FY2020 earnings at ($2.37) EPS.

Several other research analysts have also recently weighed in on AINC. Zacks Investment Research raised shares of Ashford from a strong sell rating to a hold rating in a report on Monday, July 9th. TheStreet raised shares of Ashford from a d rating to a c+ rating in a report on Thursday, August 30th.

Ashford stock opened at $58.48 on Tuesday. Ashford has a twelve month low of $53.00 and a twelve month high of $111.00.

Ashford (NYSEAMERICAN:AINC) last released its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.71) by $1.89. The company had revenue of $41.57 million during the quarter, compared to the consensus estimate of $37.56 million.

Several institutional investors and hedge funds have recently made changes to their positions in AINC. WMS Partners LLC bought a new position in shares of Ashford during the third quarter worth approximately $228,000. Bank of New York Mellon Corp increased its holdings in shares of Ashford by 27.4% during the second quarter. Bank of New York Mellon Corp now owns 4,382 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 942 shares during the period. Royce & Associates LP increased its holdings in shares of Ashford by 78.6% during the second quarter. Royce & Associates LP now owns 10,000 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 4,400 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Ashford during the third quarter worth approximately $682,000. Finally, Northern Trust Corp increased its holdings in shares of Ashford by 141.1% during the second quarter. Northern Trust Corp now owns 11,709 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 6,853 shares during the period.

About Ashford

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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