Zacks Investment Research Downgrades La Quinta Holdings Inc (LQ) to Sell

La Quinta Holdings Inc (NYSE:LQ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas. “

LQ has been the subject of a number of other research reports. Bank of America Corp raised shares of La Quinta Holdings from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 15th. Stifel Nicolaus decreased 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.35.

Analyst Recommendations for La Quinta Holdings (NYSE:LQ)

La Quinta Holdings (NYSE:LQ) opened at 13.08 on Tuesday. The firm’s 50-day moving average is $13.80 and its 200-day moving average is $12.67. The stock’s market cap is $1.53 billion. La Quinta Holdings has a 12 month low of $9.73 and a 12 month high of $15.05.

La Quinta Holdings (NYSE:LQ) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. La Quinta Holdings had a return on equity of 9.67% and a net margin of 0.65%. The company had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.92 million. During the same period in the previous year, the business posted $0.09 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that La Quinta Holdings will post $0.44 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. Parametrica Management Ltd acquired a new position in La Quinta Holdings during the third quarter worth approximately $135,000. WFG Advisors LP increased 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 worth $138,000 after buying an additional 3,403 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in La Quinta Holdings during the third quarter worth approximately $157,000. Envestnet Asset Management Inc. increased 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 worth $162,000 after buying an additional 2,351 shares in the last quarter. Finally, United Capital Financial Advisers LLC acquired a new position in La Quinta Holdings during the fourth quarter worth approximately $193,000. 96.45% of the stock is owned by institutional investors and hedge funds.

About La Quinta Holdings

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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