Zacks Investment Research lowered shares of Ashford Inc (NYSEMKT:AINC) from a buy rating to a hold rating in a report published on Wednesday.

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. “

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Ashford from a buy rating to a hold rating in a research note on Friday, June 2nd. FBR & Co boosted their price objective on shares of Ashford from $63.00 to $67.00 and gave the stock an outperform rating in a research note on Tuesday, August 8th.

Ashford (AINC) opened at 60.60 on Wednesday. Ashford has a 12 month low of $38.10 and a 12 month high of $65.70. The company has a 50-day moving average of $57.31 and a 200 day moving average of $54.64. The company’s market cap is $122.47 million.

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An institutional investor recently bought a new position in Ashford stock. Clear Harbor Asset Management LLC bought a new position in Ashford Inc (NYSEMKT:AINC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,212 shares of the financial services provider’s stock, valued at approximately $452,000. Clear Harbor Asset Management LLC owned approximately 0.46% of Ashford as of its most recent filing with the Securities and Exchange Commission (SEC).

Ashford Company Profile

Ashford Inc provides asset management and advisory services to other entities, primarily within the hospitality industry. The Company operates in the segment of asset and investment management, which includes managing the day-to-day operations of Ashford Hospitality Prime, Inc (Ashford Prime) and its subsidiaries.

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