Shares of La Quinta Holdings Inc. (NYSE:LQ) saw an uptick in trading volume on Friday . 1,507,368 shares changed hands during mid-day 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.

Several research analysts have weighed in on LQ shares. Morgan Stanley set a $11.00 price target on La Quinta Holdings and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. TheStreet raised La Quinta Holdings from a “sell” rating to a “hold” rating in a research report 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 report on Monday, June 27th. Zacks Investment Research lowered La Quinta Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Finally, Wolfe Research started coverage on La Quinta Holdings in a research report on Wednesday, July 6th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. La Quinta Holdings presently has an average rating of “Hold” and an average target price of $16.13.

The stock has a market capitalization of $1.37 billion and a price-to-earnings ratio of 1462.50. The stock’s 50 day moving average is $11.91 and its 200-day moving average is $11.71.

La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. During the same quarter in the previous year, the company posted $0.19 EPS. The firm earned $269.60 million during the quarter, compared to the consensus estimate of $266.78 million. The firm’s revenue was down 1.6% on a year-over-year basis. Analysts predict that La Quinta Holdings Inc. will post $0.54 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in La Quinta Holdings stock. Trexquant Investment LP boosted its stake in La Quinta Holdings Inc. (NYSE:LQ) by 973.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,341 shares of the company’s stock after buying an additional 97,341 shares during the period. Trexquant Investment LP owned approximately 0.08% of La Quinta Holdings worth $1,461,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.