Begins Coverage on Ashford (NYSEAMERICAN:AINC) began coverage on shares of Ashford (NYSEAMERICAN:AINCFree Report) in a research note released on Friday. The firm issued a buy rating on the financial services provider’s stock.

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.

Read Our Latest Stock Analysis on Ashford

Ashford Stock Performance

Ashford stock opened at $2.48 on Friday. Ashford has a 52 week low of $2.22 and a 52 week high of $14.05. The business’s 50-day simple moving average is $9.58. The stock has a market capitalization of $7.96 million, a PE ratio of -0.20 and a beta of 1.67.

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:AINCFree 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

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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.

Further Reading

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