Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Ashford Hospitality Trust, Inc. (AHT): Insiders Aren’t Crazy About It

Page 1 of 2

Is Ashford Hospitality Trust, Inc. (NYSE:AHT) a bargain? Hedge funds are taking a bullish view. The number of long hedge fund bets improved by 3 recently.

Ashford Hospitality Trust, Inc. (NYSE:AHT)

In the financial world, there are tons of gauges investors can use to watch Mr. Market. A duo of the most under-the-radar are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can outclass the S&P 500 by a significant margin (see just how much).

Just as beneficial, bullish insider trading sentiment is a second way to break down the financial markets. Just as you’d expect, there are a number of incentives for a bullish insider to drop shares of his or her company, but only one, very clear reason why they would buy. Various empirical studies have demonstrated the market-beating potential of this tactic if shareholders know where to look (learn more here).

Consequently, let’s take a look at the key action surrounding Ashford Hospitality Trust, Inc. (NYSE:AHT).

How have hedgies been trading Ashford Hospitality Trust, Inc. (NYSE:AHT)?

Heading into Q2, a total of 16 of the hedge funds we track were bullish in this stock, a change of 23% from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their holdings significantly.

Of the funds we track, Long Pond Capital, managed by John Khoury, holds the biggest position in Ashford Hospitality Trust, Inc. (NYSE:AHT). Long Pond Capital has a $32.9 million position in the stock, comprising 5.8% of its 13F portfolio. The second largest stake is held by J. Alan Reid, Jr. of Forward Management, with a $19.9 million position; the fund has 1.2% of its 13F portfolio invested in the stock. Some other peers that hold long positions include Robert Jaffe’s Force Capital, Cliff Asness’s AQR Capital Management and David Dreman’s Dreman Value Management.

As industrywide interest jumped, specific money managers were breaking ground themselves. Dreman Value Management, managed by David Dreman, assembled the most outsized position in Ashford Hospitality Trust, Inc. (NYSE:AHT). Dreman Value Management had 6.1 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $1.3 million position during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, David Costen Haley’s HBK Investments, and Matthew Tewksbury’s Stevens Capital Management.

How are insiders trading Ashford Hospitality Trust, Inc. (NYSE:AHT)?

Insider buying is best served when the company we’re looking at has experienced transactions within the past six months. Over the latest half-year time period, Ashford Hospitality Trust, Inc. (NYSE:AHT) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Ashford Hospitality Trust, Inc. (NYSE:AHT). These stocks are DiamondRock Hospitality Company (NYSE:DRH), Strategic Hotels and Resorts Inc (NYSE:BEE), Pebblebrook Hotel Trust (NYSE:PEB), Chesapeake Lodging Trust (NYSE:CHSP), and FelCor Lodging Trust Incorporated (NYSE:FCH). This group of stocks are in the reit – hotel/motel industry and their market caps match AHT’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!