Russell Investments Group Ltd. cut its stake in shares of Ashford Inc (NYSEMKT:AINC) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,966 shares of the financial services provider’s stock after selling 1,082 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.09% of Ashford worth $1,081,000 at the end of the most recent quarter.
Several research analysts recently issued reports on AINC shares. ValuEngine lowered shares of Ashford from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co raised their price objective on shares of Ashford from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th.
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Ashford Inc (NYSEMKT AINC) traded down 6.37% on Tuesday, hitting $53.33. 610 shares of the company’s stock were exchanged. The stock’s market cap is $107.78 million. The firm has a 50 day moving average price of $56.63 and a 200-day moving average price of $54.80. Ashford Inc has a 52-week low of $38.10 and a 52-week high of $65.70.
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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