Ranger Global Real Estate Advisors LLC raised its position in shares of La Quinta Holdings Inc. (NYSE:LQ) by 5.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 362,515 shares of the company’s stock after buying an additional 20,000 shares during the period. La Quinta Holdings comprises about 2.0% of Ranger Global Real Estate Advisors LLC’s holdings, making the stock its 20th largest position. Ranger Global Real Estate Advisors LLC owned about 0.31% of La Quinta Holdings worth $5,354,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Algert Global LLC acquired a new position in shares of La Quinta Holdings during the first quarter worth approximately $735,000. Kempen Capital Management N.V. boosted its position in shares of La Quinta Holdings by 9.2% in the first quarter. Kempen Capital Management N.V. now owns 112,104 shares of the company’s stock worth $1,515,000 after buying an additional 9,412 shares during the last quarter. Spark Investment Management LLC acquired a new position in shares of La Quinta Holdings during the first quarter worth approximately $5,298,000. Dimensional Fund Advisors LP boosted its position in shares of La Quinta Holdings by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,686,813 shares of the company’s stock worth $38,180,000 after buying an additional 67,601 shares during the last quarter. Finally, YG Partners LLC boosted its position in shares of La Quinta Holdings by 19.8% in the first quarter. YG Partners LLC now owns 177,474 shares of the company’s stock worth $2,399,000 after buying an additional 29,358 shares during the last quarter. 99.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of La Quinta Holdings Inc. (NYSE:LQ) traded down 1.17% during trading on Friday, reaching $14.39. 124,500 shares of the company’s stock traded hands. La Quinta Holdings Inc. has a 1-year low of $9.73 and a 1-year high of $15.39. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 43.74 and a beta of 1.87. The company has a 50 day moving average of $14.62 and a 200-day moving average of $14.10.

La Quinta Holdings (NYSE:LQ) last posted its earnings results on Wednesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $234.27 million during the quarter, compared to the consensus estimate of $232.20 million. La Quinta Holdings had a net margin of 3.91% and a return on equity of 8.04%. Equities analysts predict that La Quinta Holdings Inc. will post $0.39 earnings per share for the current year.

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LQ has been the topic of several recent research reports. Zacks Investment Research raised shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.68.

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.

Institutional Ownership by Quarter for La Quinta Holdings (NYSE:LQ)

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