La Quinta Holdings Inc. (LQ) Sees Unusually-High Trading Volume
La Quinta Holdings Inc. (NYSE:LQ) saw an uptick in trading volume on Friday . 1,507,368 shares changed hands during trading, an increase of 131% from the previous session’s volume of 652,625 shares.The stock last traded at $11.70 and had previously closed at $11.53.
A number of research firms have recently weighed in on LQ. Morgan Stanley set a $11.00 price target on La Quinta Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. TheStreet raised La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $18.00 price target on shares of La Quinta Holdings in a research note on Monday, June 27th. Zacks Investment Research downgraded La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Finally, Wolfe Research began coverage on La Quinta Holdings in a research note on Wednesday, July 6th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. La Quinta Holdings presently has an average rating of “Hold” and an average price target of $16.13.
The stock’s 50 day moving average price is $11.91 and its 200-day moving average price is $11.71. The firm has a market cap of $1.37 billion and a PE ratio of 1462.50.
La Quinta Holdings (NYSE:LQ) last posted its earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business earned $269.60 million during the quarter, compared to analyst estimates of $266.78 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that La Quinta Holdings Inc. will post $0.54 earnings per share for the current fiscal year.
Other hedge funds and institutional investors have bought and sold shares of the company. New York State Common Retirement Fund boosted its position in La Quinta Holdings by 3.2% in the fourth quarter. New York State Common Retirement Fund now owns 88,200 shares of the company’s stock worth $1,200,000 after buying an additional 2,700 shares during the last quarter. Rhumbline Advisers boosted its position in La Quinta Holdings by 6.4% in the fourth quarter. Rhumbline Advisers now owns 87,772 shares of the company’s stock valued at $1,195,000 after buying an additional 5,305 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in La Quinta Holdings by 973.4% in the fourth quarter. Trexquant Investment LP now owns 107,341 shares of the company’s stock valued at $1,461,000 after buying an additional 97,341 shares in the last quarter.
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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