Ashford (NYSEAMERICAN:AINC) was upgraded by B. Riley from a “neutral” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $91.00 price target on the financial services provider’s stock, down from their prior price target of $95.00. B. Riley’s target price indicates a potential upside of 32.36% from the stock’s previous close.

A number of other research firms have also weighed in on AINC. Zacks Investment Research raised shares of Ashford from a “strong sell” rating to a “hold” rating in a report on Monday, July 9th. TheStreet raised shares of Ashford from a “d” rating to a “c+” rating in a report on Thursday, August 30th.

Shares of Ashford stock opened at $68.75 on Thursday. Ashford has a 1 year low of $53.00 and a 1 year high of $111.00.

Ashford (NYSEAMERICAN:AINC) last posted its earnings results on Thursday, August 9th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.46. Ashford had a negative net margin of 11.73% and a negative return on equity of 23.28%. The firm had revenue of $54.81 million for the quarter, compared to analyst estimates of $42.08 million.

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Ashford by 27.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,382 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 942 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Ashford by 78.6% in the 2nd quarter. Royce & Associates LP now owns 10,000 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 4,400 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Ashford by 141.1% in the 2nd quarter. Northern Trust Corp now owns 11,709 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 6,853 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Ashford by 442.9% in the 1st quarter. Millennium Management LLC now owns 12,356 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 10,080 shares during the last quarter. Finally, Glacier Peak Capital LLC bought a new stake in shares of Ashford in the 1st quarter valued at $969,000.

About Ashford

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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