Sessa Capital Im Lowers stake in Ashford Hospitality Prime Inc (AHP)

Ashford Hospitality Prime Inc (AHP) : Sessa Capital Im reduced its stake in Ashford Hospitality Prime Inc by 3.86% during the most recent quarter end. The investment management company now holds a total of 2,240,827 shares of Ashford Hospitality Prime Inc which is valued at $29,063,526 after selling 89,899 shares in Ashford Hospitality Prime Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ashford Hospitality Prime Inc makes up approximately 6.57% of Sessa Capital Im’s portfolio.

Other Hedge Funds, Including , Millennium Management added AHP to its portfolio by purchasing 44,436 company shares during the most recent quarter which is valued at $576,335.Nomura Asset Management Co Ltd boosted its stake in AHP in the latest quarter, The investment management firm added 4,605 additional shares and now holds a total of 19,050 shares of Ashford Hospitality Prime Inc which is valued at $232,029.Lsv Asset Management reduced its stake in AHP by selling 4,231 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 325,175 shares of AHP which is valued at $4,061,436. Ashford Hospitality Prime Inc makes up approx 0.01% of Lsv Asset Management’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in AHP in the latest quarter, The investment management firm added 1,439 additional shares and now holds a total of 6,392 shares of Ashford Hospitality Prime Inc which is valued at $78,941.Ironwood Investment Management boosted its stake in AHP in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 62,809 shares of Ashford Hospitality Prime Inc which is valued at $787,625. Ashford Hospitality Prime Inc makes up approx 0.64% of Ironwood Investment Management’s portfolio.

Ashford Hospitality Prime Inc opened for trading at $12.6 and hit $12.74 on the upside on Monday, eventually ending the session at $12.74, with a gain of 0.95% or 0.12 points. The heightened volatility saw the trading volume jump to 1,67,418 shares. Company has a market cap of $331 M.

Many Wall Street Analysts have commented on Ashford Hospitality Prime Inc. Shares were Reiterated by FBR & Co. on Nov 4, 2016 to “Outperform” and Lowered the Price Target to $ 18 from a previous price target of $19 .

Ashford Hospitality Prime Inc. (Ashford Prime) invests primarily in high revenue per available room (RevPAR) luxury upper-upscale and upscale hotels. The Company conducts its business and owns all of its assets through its operating partnership Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). The Company operates in the direct hotel investment segment of the hotel lodging industry. As of March 12 2015 the Company owned interests in 10 hotels in six states and the District of Columbia with 3707 total rooms or 3472 net rooms excluding those attributable to its partner. The hotels in its portfolio are located in the United States markets. The Company owns eight of its hotel properties directly and the remaining two hotel properties through an investment in a majority-owned consolidated entity. The Company is advised by Ashford LLC a subsidiary of Ashford Inc. and an affiliate of Ashford Trust.

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