Dynamic Technology Lab Private Ltd acquired a new position in shares of FelCor Lodging Trust Inc. (NYSE:FCH) during the second quarter, Holdings Channel reports. The firm acquired 65,764 shares of the company’s stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCH. Land & Buildings Investment Management LLC raised its position in shares of FelCor Lodging Trust by 79.2% in the first quarter. Land & Buildings Investment Management LLC now owns 5,441,369 shares of the company’s stock worth $44,184,000 after buying an additional 2,404,588 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of FelCor Lodging Trust by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,227,653 shares of the company’s stock worth $42,449,000 after buying an additional 79,092 shares during the last quarter. Aperio Group LLC raised its position in shares of FelCor Lodging Trust by 37.4% in the first quarter. Aperio Group LLC now owns 72,543 shares of the company’s stock worth $589,000 after buying an additional 19,728 shares during the last quarter. Norges Bank purchased a new position in shares of FelCor Lodging Trust during the fourth quarter worth $11,419,000. Finally, SECOR Capital Advisors LP raised its position in shares of FelCor Lodging Trust by 41.1% in the second quarter. SECOR Capital Advisors LP now owns 241,160 shares of the company’s stock worth $1,503,000 after buying an additional 70,261 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Shares of FelCor Lodging Trust Inc. (NYSE:FCH) opened at 6.57 on Friday. The firm has a 50-day moving average of $6.58 and a 200 day moving average of $6.91. The company’s market cap is $908.07 million. FelCor Lodging Trust Inc. has a 52 week low of $5.47 and a 52 week high of $8.63.

FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The firm earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. Equities analysts expect that FelCor Lodging Trust Inc. will post $0.90 EPS for the current fiscal year.

FCH has been the subject of a number of research analyst reports. Deutsche Bank AG restated a “hold” rating and set a $8.00 price objective on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Zacks Investment Research upgraded FelCor Lodging Trust from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Tuesday, June 28th. Finally, JMP Securities lowered FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.00.

In other FelCor Lodging Trust news, Director Robert F. Cotter sold 15,918 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $6.34, for a total value of $100,920.12. Following the completion of the transaction, the director now owns 116,300 shares in the company, valued at $737,342. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

About FelCor Lodging Trust

FelCor Lodging Trust Incorporated is a real estate investment trust. The Company, through its subsidiary, FelCor Lodging Limited Partnership, holds ownership interests in approximately 40 hotels with over 12,440 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company’s hotels are located in approximately 20 states of the United States.

5 Day Chart for NYSE:FCH

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