Glacier Peak Capital LLC purchased a new position in Ashford Inc (NYSEAMERICAN:AINC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,123 shares of the financial services provider’s stock, valued at approximately $969,000.
A number of other large investors also recently bought and sold shares of AINC. Millennium Management LLC acquired a new stake in Ashford in the fourth quarter worth $212,000. Globeflex Capital L P acquired a new stake in Ashford in the fourth quarter worth $262,000. California Public Employees Retirement System acquired a new stake in Ashford in the fourth quarter worth $281,000. Bank of New York Mellon Corp acquired a new stake in Ashford in the fourth quarter worth $292,000. Finally, Snow Park Capital Partners LP acquired a new stake in Ashford in the fourth quarter worth $1,226,000.
A number of research analysts have weighed in on AINC shares. Zacks Investment Research lowered shares of Ashford from a “hold” rating to a “strong sell” rating in a research note on Friday, May 4th. B. Riley set a $95.00 price objective on shares of Ashford and gave the company a “hold” rating in a research note on Friday, April 6th. Finally, TheStreet lowered shares of Ashford from a “c-” rating to a “d” rating in a research note on Tuesday, March 6th.
Shares of Ashford stock traded up $0.14 during trading hours on Thursday, reaching $72.91. The company’s stock had a trading volume of 1,897 shares, compared to its average volume of 5,104. Ashford Inc has a one year low of $47.03 and a one year high of $111.00.
Ashford (NYSEAMERICAN:AINC) last released its quarterly earnings data on Thursday, May 3rd. The financial services provider reported ($2.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($3.52). Ashford had a negative net margin of 11.73% and a negative return on equity of 23.28%. The business had revenue of $48.17 million during the quarter, compared to the consensus estimate of $36.72 million.
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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