Ashford Hospitality Trust, Inc. (AHT): Are Hedge Funds Right About This Stock?

Seeing as Ashford Hospitality Trust, Inc. (NYSE:AHT) has experienced falling interest from hedge fund managers, we can see that there were a few fund managers that decided to sell off their full holdings heading into Q4. Intriguingly, Parag Vora’s HG Vora Capital Management sold off the biggest stake of all the hedgies watched by Insider Monkey, comprising close to $54.1 million in stock, and Geoffrey Raynor’s Q Investments (Specter Holdings) was right behind this move, as the fund cut about $3.3 million worth of shares. These bearish behaviors are important to note, as total hedge fund interest fell by 2 funds heading into Q4.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Ashford Hospitality Trust, Inc. (NYSE:AHT) but similarly valued. We will take a look at General Cable Corporation (NYSE:BGC), Viad Corp (NYSE:VVI), ConnectOne Bancorp Inc (NASDAQ:CNOB), and Nevsun Resources (USA) (NYSEAMEX:NSU). This group of stocks’ market values are similar to AHT’s market value.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $50 million, versus $81 million in AHT’s case. General Cable Corporation (NYSE:BGC) is the most popular stock in this table with 16 funds reporting shares. On the other hand, ConnectOne Bancorp Inc (NASDAQ:CNOB) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks, Ashford Hospitality Trust, Inc. (NYSE:AHT) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.