Swiss National Bank raised its position in shares of La Quinta Holdings Inc. (NYSE:LQ) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,700 shares of the company’s stock after buying an additional 5,500 shares during the period. Swiss National Bank owned 0.13% of La Quinta Holdings worth $1,764,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new position in La Quinta Holdings during the second quarter valued at about $165,000. CHICAGO TRUST Co NA purchased a new position in La Quinta Holdings during the second quarter valued at about $134,000. Squarepoint Ops LLC purchased a new position in La Quinta Holdings during the first quarter valued at about $164,000. Legal & General Group Plc increased its position in La Quinta Holdings by 31.5% in the first quarter. Legal & General Group Plc now owns 25,149 shares of the company’s stock valued at $314,000 after buying an additional 6,019 shares during the period. Finally, Anandar Capital Management LP purchased a new position in La Quinta Holdings during the first quarter valued at about $625,000. 98.80% of the stock is owned by institutional investors.
La Quinta Holdings Inc. (NYSE:LQ) traded up 0.27% during mid-day trading on Friday, reaching $11.31. The company’s stock had a trading volume of 578,913 shares. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 1413.75 and a beta of 1.69. The firm has a 50-day moving average of $11.37 and a 200 day moving average of $11.81. La Quinta Holdings Inc. has a 1-year low of $9.42 and a 1-year high of $17.46.
La Quinta Holdings (NYSE:LQ) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. La Quinta Holdings had a return on equity of 9.49% and a net margin of 0.09%. The company earned $269.60 million during the quarter, compared to analysts’ expectations of $266.78 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts expect that La Quinta Holdings Inc. will post $0.54 earnings per share for the current year.
Several research analysts have recently issued reports on LQ shares. Zacks Investment Research raised La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Wells Fargo & Co. downgraded La Quinta Holdings from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 14th. They noted that the move was a valuation call. Deutsche Bank AG set a $17.00 price objective on La Quinta Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Citigroup Inc. dropped their price objective on La Quinta Holdings from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, August 5th. Finally, Bank of America Corp. reiterated a “sell” rating on shares of La Quinta Holdings in a research report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.14.
La Quinta Holdings Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States.
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