First Trust Advisors LP Has $803,000 Position in La Quinta Holdings Inc. (LQ)

First Trust Advisors LP lowered its stake in shares of La Quinta Holdings Inc. (NYSE:LQ) by 8.8% during the first quarter, Holdings Channel reports. The fund owned 59,393 shares of the company’s stock after selling 5,736 shares during the period. First Trust Advisors LP’s holdings in La Quinta Holdings were worth $803,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LQ. Metropolitan Life Insurance Co. NY raised its position in La Quinta Holdings by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 60,627 shares of the company’s stock valued at $862,000 after buying an additional 183 shares during the last quarter. Envestnet Asset Management Inc. raised its position in La Quinta Holdings by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,401 shares of the company’s stock valued at $162,000 after buying an additional 2,351 shares during the last quarter. WFG Advisors LP raised its position in La Quinta Holdings by 340,300.0% in the fourth quarter. WFG Advisors LP now owns 3,404 shares of the company’s stock valued at $138,000 after buying an additional 3,403 shares during the last quarter. United Capital Financial Advisers LLC bought a new position in La Quinta Holdings during the fourth quarter valued at $193,000. Finally, State Street Corp raised its position in La Quinta Holdings by 1.9% in the fourth quarter. State Street Corp now owns 1,607,637 shares of the company’s stock valued at $22,843,000 after buying an additional 29,392 shares during the last quarter. Institutional investors own 98.68% of the company’s stock.

La Quinta Holdings Inc. (NYSE:LQ) opened at 14.93 on Wednesday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 45.38 and a beta of 1.87. The firm’s 50-day moving average is $14.16 and its 200-day moving average is $13.98. La Quinta Holdings Inc. has a 12 month low of $9.73 and a 12 month high of $15.39.

La Quinta Holdings (NYSE:LQ) last issued its earnings results on Wednesday, May 3rd. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. La Quinta Holdings had a return on equity of 8.04% and a net margin of 3.91%. The business had revenue of $234.27 million during the quarter, compared to analysts’ expectations of $232.20 million. On average, analysts anticipate that La Quinta Holdings Inc. will post $0.39 EPS for the current fiscal year.

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Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $14.50 to $16.00 in a research report on Thursday, June 15th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reduced their price target on shares of La Quinta Holdings from $13.50 to $13.25 and set a “hold” rating for the company in a research report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. La Quinta Holdings currently has an average rating of “Hold” and a consensus target price of $13.21.

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 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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Institutional Ownership by Quarter for La Quinta Holdings (NYSE:LQ)

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