Renaissance Technologies LLC Has $635,000 Position in Ashford Inc (NYSEAMERICAN:AINC)

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Renaissance Technologies LLC lifted its holdings in shares of Ashford Inc (NYSEAMERICAN:AINC) by 41.9% during the second quarter, HoldingsChannel reports. The firm owned 19,980 shares of the financial services provider’s stock after acquiring an additional 5,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Ashford were worth $635,000 as of its most recent SEC filing.

Separately, LPL Financial LLC raised its position in shares of Ashford by 3.4% during the second quarter. LPL Financial LLC now owns 11,595 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 380 shares during the period.

Shares of Ashford stock opened at $24.75 on Friday. Ashford Inc has a 52-week low of $19.43 and a 52-week high of $72.49.

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 Zacks’ consensus estimate of $2.38 by ($0.34). The company had revenue of $63.47 million during the quarter, compared to analyst estimates of $62.77 million.

A number of research firms have recently commented on AINC. Zacks Investment Research raised Ashford from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. TheStreet lowered Ashford from a “c-” rating to a “d” rating in a research report on Friday, August 2nd. Finally, B. Riley dropped their price target on Ashford from $74.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, August 5th.

In other news, COO Jeremy Welter bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $29.46 per share, with a total value of $441,900.00. Following the transaction, the chief operating officer now owns 21,775 shares in the company, valued at $641,491.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ashford Hospitality Trust Inc sold 393,077 shares of Ashford stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $30.00, for a total value of $11,792,310.00. The disclosure for this sale can be found here.

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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Want to see what other hedge funds are holding AINC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ashford Inc (NYSEAMERICAN:AINC).

Institutional Ownership by Quarter for Ashford (NYSEAMERICAN:AINC)

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