La Quinta Holdings Inc. (LQ) Lifted to “Overweight” at Morgan Stanley
Morgan Stanley upgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from an equal weight rating to an overweight rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has $16.00 price target on the stock, up from their prior price target of $14.50. The analysts noted that the move was a valuation call.
A number of other research analysts have also recently commented on LQ. Stifel Nicolaus reduced their price objective on La Quinta Holdings from $13.50 to $13.25 and set a hold rating on the stock in a research note on Wednesday, March 1st. Zacks Investment Research cut La Quinta Holdings from a hold rating to a sell rating in a research note on Saturday, March 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $13.21.
Shares of La Quinta Holdings (LQ) opened at 15.32 on Thursday. La Quinta Holdings has a one year low of $9.73 and a one year high of $15.39. The stock has a market capitalization of $1.80 billion, a PE ratio of 46.57 and a beta of 1.87. The firm has a 50-day moving average price of $14.14 and a 200 day moving average price of $13.96.
La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $234.27 million for the quarter, compared to analyst estimates of $232.20 million. La Quinta Holdings had a return on equity of 8.04% and a net margin of 3.91%. On average, equities analysts expect that La Quinta Holdings will post $0.39 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. STA Wealth Management LLC acquired a new position in La Quinta Holdings during the fourth quarter valued at approximately $364,000. Alyeska Investment Group L.P. acquired a new position in La Quinta Holdings during the fourth quarter valued at approximately $1,333,000. Bogle Investment Management L P DE boosted its position in La Quinta Holdings by 739.6% in the fourth quarter. Bogle Investment Management L P DE now owns 418,641 shares of the company’s stock valued at $5,948,000 after buying an additional 368,780 shares during the period. Two Sigma Investments LP boosted its position in La Quinta Holdings by 99.8% in the fourth quarter. Two Sigma Investments LP now owns 819,118 shares of the company’s stock valued at $11,640,000 after buying an additional 409,233 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in La Quinta Holdings during the fourth quarter valued at approximately $1,357,000. Institutional investors and hedge funds own 98.68% of the company’s stock.
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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