Separately, Oppenheimer cut their target price on Ashford from $17.00 to $14.00 and set an outperform rating on the stock in a research note on Friday, November 24th.
Ashford Stock Performance
Institutional Investors Weigh In On Ashford
An institutional investor recently raised its position in Ashford stock. Vanguard Group Inc. boosted its stake in Ashford Inc. (NYSEAMERICAN:AINC – Free Report) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,717 shares of the financial services provider’s stock after acquiring an additional 4,314 shares during the period. Vanguard Group Inc. owned about 2.71% of Ashford worth $1,400,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.95% of the company’s stock.
Ashford Company 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. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.
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