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. “
Several other equities analysts also recently commented on the stock. B. Riley cut their price target on shares of Ashford from $74.00 to $59.00 and set a buy rating on the stock in a report on Monday, August 5th. TheStreet downgraded shares of Ashford from a c- rating to a d rating in a report on Friday, August 2nd.
Ashford (NYSEAMERICAN:AINC) last announced its earnings results on Thursday, August 1st. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.34). The firm had revenue of $63.47 million for the quarter, compared to analysts’ expectations of $62.77 million.
In other Ashford news, insider J Robison Hays III acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average cost of $43.42 per share, for a total transaction of $217,100.00. Following the completion of the purchase, the insider now owns 15,000 shares in the company, valued at $651,300. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeremy Welter acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $29.46 per share, for a total transaction of $441,900.00. Following the completion of the purchase, the chief operating officer now owns 21,775 shares of the company’s stock, valued at approximately $641,491.50. The disclosure for this purchase can be found here.
A number of large investors have recently bought and sold shares of AINC. Dimensional Fund Advisors LP purchased a new stake in Ashford during the fourth quarter valued at approximately $798,000. Arbor Wealth Management LLC purchased a new position in shares of Ashford in the second quarter worth $360,000. O Brien Greene & Co. Inc raised its holdings in shares of Ashford by 18.7% in the first quarter. O Brien Greene & Co. Inc now owns 9,511 shares of the financial services provider’s stock worth $528,000 after buying an additional 1,500 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ashford by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 10,562 shares of the financial services provider’s stock worth $548,000 after buying an additional 864 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Ashford by 3.4% in the second quarter. LPL Financial LLC now owns 11,595 shares of the financial services provider’s stock worth $369,000 after buying an additional 380 shares during the last quarter.
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.
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