Ashford (NYSEAMERICAN:AINC) Price Target Lowered to $10.00 at B. Riley

Ashford (NYSEAMERICAN:AINC – Get Rating) had its price objective decreased by B. Riley from $15.00 to $10.00 in a research note published on Monday morning, The Fly reports.

Separately, StockNews.com started coverage on shares of Ashford in a research note on Friday, April 21st. They set a buy rating for the company.

Ashford Stock Performance

AINC stock opened at $9.50 on Monday. The stock has a market capitalization of $29.59 million, a P/E ratio of -1.00 and a beta of 2.00. Ashford has a one year low of $9.20 and a one year high of $19.70. The company has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $13.78.

Ashford (NYSEAMERICAN:AINC – Get Rating) last released its earnings results on Tuesday, May 2nd. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.24 by $0.30. The firm had revenue of $185.12 million during the quarter, compared to analysts’ expectations of $179.40 million. Ashford had a net margin of 1.60% and a negative return on equity of 21.27%. Research analysts forecast that Ashford will post 5.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ashford

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Ashford by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 17,369 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 883 shares during the period. Vanguard Group Inc. boosted its position in shares of Ashford by 5.6% during the first quarter. Vanguard Group Inc. now owns 81,717 shares of the financial services provider’s stock worth $1,400,000 after buying an additional 4,314 shares during the period. Finally, Uniplan Investment Counsel Inc. grew its holdings in Ashford by 0.9% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 119,037 shares of the financial services provider’s stock worth $1,604,000 after buying an additional 1,025 shares in the last quarter. Institutional investors own 14.24% of the company’s stock.

Ashford Company Profile

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Ashford, Inc engages in the provision of asset management, advisory services and other products and services primarily to clients in the hospitality industry. The firm operates through following business segments: REIT Advisory, Remington, Premier, JSAV, OpenKey, and Corporate & Other. The REIT Advisory segment provides asset management and advisory services to other entities.