Ashford Inc
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Financials : Capital Markets | Small Cap Blend
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. The Company serves as the advisor to Ashford Prime, an New York Stock Exchange (NYSE)-listed real estate investment trust (REIT) that invests primarily in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company also serves as the advisor to Ashford Hospitality Trust, Inc. (Ashford Trust), which is focused on investing opportunistically in the hospitality industry with a focus on upscale and upper-upscale hotels in the United States. The Company conducts its business and owns substantially all of its assets through an operating entity, Ashford Hospitality Advisors LLC (Ashford LLC).

Closing Price
$20.85
Day's Change
-0.68 (-3.16%)
Bid
--
Ask
--
B/A Size
--
Day's High
21.17
Day's Low
20.66
Volume
(Average)
Volume:
8,524

10-day average volume:
8,964
8,524

Aurora Cannabis stock to be pressured by need for 'significant' capital raise, analyst says

7:36 am ET September 12, 2019 (MarketWatch)
Print

The U.S.-listed shares of Aurora Cannabis Inc. (ACB.T) sank 9.2% in premarket trading, ahead of the cannabis company's post-earnings conference call scheduled for 9 a.m. Eastern. The company reported late Wednesday fiscal fourth-quarter revenue that missed expectations (http://www.marketwatch.com/story/aurora-cannabis-stock-drops-after-earnings-miss-2019-09-11) that had already been lowered. Stifel Nicolaus analyst Andrew Carter reiterated his hold rating, saying he believed the stock will remain under pressure given expectations of a capital raise in the coming months. "We believe Aurora will have to come to the capital markets by calendar 1Q20 for a significant ask to fund the aggressive growth agenda," Carter wrote in a note to clients. He believes that is likely to weigh on investors sentiment. The stock has lost 16.3% over the past three months, while the ETFMG Alternative Harvest ETF (MJ) has slumped 20.8% and the S&P 500 has gained 4.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 12, 2019 07:36 ET (11:36 GMT)

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