A Director at Ashford Hospitality Prime (NYSE: AHP) is Buying Shares

By Carrie Williams

Today, a Director at Ashford Hospitality Prime (NYSE: AHP), Curtis Mcwilliams, bought shares of AHP for $52.5K.

This recent transaction increases Curtis Mcwilliams’ holding in the company by 37.65% to a total of $104.1K. In addition to Curtis Mcwilliams, 3 other AHP executives reported Buy trades in the last month.

Based on Ashford Hospitality Prime’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $93.9 million and quarterly net profit of $294K. In comparison, last year the company earned revenue of $88.16 million and had a GAAP net loss of $6.44 million. The company has a one year high of $17.64 and a one year low of $9.83. AHP’s market cap is $270.9M and the company has a P/E ratio of 20.02.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $14.67, reflecting a -28.6% downside. Five different firms, including Merrill Lynch and Canaccord Genuity, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $14.48K worth of AHP shares and purchased $52.5K worth of AHP shares. The insider sentiment on Ashford Hospitality Prime has been negative according to 14 insider trades in the past three months. This sentiment is equal to the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ashford Hospitality Prime, Inc. invests primarily in high RevPAR, luxury, upper-upscale and upscale hotels. Its hotel properties include Hilton La Jolla Torrey Pines, Capital Hilton in Washington DC, Marriott Plano Legacy Town Center, Seattle Marriott Waterfront, Courtyard San Francisco Downtown, Courtyard Seattle Downtown, Courtyard Philadelphia Downtown and Renaissance Tampa International Plaza. The company was founded on April 5, 2013 and is headquartered in Dallas, TX.