Zacks Investment Research cut shares of Ashford (NYSEAMERICAN:AINC) from a hold rating to a sell rating in a research note released on Tuesday.

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 analysts have also weighed in on AINC. B. Riley set a $95.00 price target on Ashford and gave the company a hold rating in a report on Friday, April 6th. TheStreet lowered Ashford from a c- rating to a d rating in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Ashford has a consensus rating of Hold and a consensus price target of $89.67.

NYSEAMERICAN:AINC opened at $89.57 on Tuesday. Ashford has a fifty-two week low of $47.03 and a fifty-two week high of $111.00.

Ashford (NYSEAMERICAN:AINC) last released its quarterly earnings results on Thursday, March 1st. The financial services provider reported ($3.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($3.68). Ashford had a negative net margin of 11.73% and a negative return on equity of 23.28%. The company had revenue of $29.67 million for the quarter, compared to analysts’ expectations of $27.54 million.

Institutional investors have recently made changes to their positions in the business. Snow Park Capital Partners LP bought a new position in Ashford in the 4th quarter valued at $1,226,000. Globeflex Capital L P bought a new position in Ashford in the 4th quarter valued at $262,000. California Public Employees Retirement System bought a new position in Ashford in the 4th quarter valued at $281,000. Millennium Management LLC bought a new position in Ashford in the 4th quarter valued at $212,000. Finally, Bank of New York Mellon Corp bought a new position in Ashford in the 4th quarter valued at $292,000.

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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