Shares of La Quinta Holdings Inc (NYSE:LQ) saw an uptick in trading volume on Thursday . 1,289,835 shares traded hands during trading, an increase of 92% from the previous session’s volume of 671,567 shares.The stock last traded at $18.46 and had previously closed at $18.32.
A number of research analysts have weighed in on LQ shares. Zacks Investment Research upgraded La Quinta from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. TheStreet downgraded La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. UBS Group raised La Quinta from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co raised La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $17.81.
The firm has a market cap of $2,170.00, a price-to-earnings ratio of 71.04, a price-to-earnings-growth ratio of 8.69 and a beta of 1.85. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40.
La Quinta (NYSE:LQ) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $268.60 million for the quarter, compared to the consensus estimate of $272.52 million. La Quinta had a return on equity of 6.23% and a net margin of 3.11%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. equities research analysts predict that La Quinta Holdings Inc will post 0.33 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Iridian Asset Management LLC CT grew its position in shares of La Quinta by 1,523.0% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,134,055 shares of the company’s stock valued at $72,346,000 after buying an additional 3,879,335 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of La Quinta in the 3rd quarter valued at about $572,000. Schwab Charles Investment Management Inc. grew its position in shares of La Quinta by 5.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,218 shares of the company’s stock valued at $7,492,000 after buying an additional 27,651 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of La Quinta by 10.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 135,118 shares of the company’s stock valued at $1,996,000 after buying an additional 13,120 shares during the last quarter. Finally, California Public Employees Retirement System bought a new stake in shares of La Quinta in the 2nd quarter valued at about $275,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.
La Quinta Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
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