InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Get Rating) in a research note released on Monday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of IHT stock opened at $1.66 on Monday. The company has a debt-to-equity ratio of 2.51, a current ratio of 2.30 and a quick ratio of 2.30. The stock has a market cap of $15.24 million, a PE ratio of 27.67 and a beta of 0.10. The stock has a 50-day moving average of $1.42 and a 200-day moving average of $1.59. InnSuites Hospitality Trust has a one year low of $1.14 and a one year high of $3.77.

Insider Activity

In related news, CEO James F. Wirth purchased 1,000 shares of the stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $1,935.00 per share, with a total value of $1,935,000.00. Following the purchase, the chief executive officer now directly owns 5,931,161 shares in the company, valued at approximately $11,476,796,535. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 68.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On InnSuites Hospitality Trust

An institutional investor recently bought a new position in InnSuites Hospitality Trust stock. Brighton Jones LLC purchased a new position in shares of InnSuites Hospitality Trust (NYSE:IHT – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,352 shares of the company’s stock, valued at approximately $83,000. Brighton Jones LLC owned about 0.48% of InnSuites Hospitality Trust as of its most recent SEC filing. 3.20% of the stock is owned by hedge funds and other institutional investors.

InnSuites Hospitality Trust Company Profile

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InnSuites Hospitality Trust engages in the ownership and operation of hotel properties. It also offers management services, which focus on trademark and licensing. The company was founded by James F. Wirth on June 21, 1971 and is headquartered in Phoenix, AZ.