Forward Management LLC bought a new position in shares of La Quinta Holdings Inc. (NYSE:LQ) during the second quarter, Holdings Channel reports. The firm bought 302,900 shares of the company’s stock, valued at approximately $4,474,000.

Other institutional investors have also made changes to their positions in the company. Algert Global LLC purchased a new stake in La Quinta Holdings during the first quarter valued at about $735,000. Kempen Capital Management N.V. raised its stake in 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 valued at $1,515,000 after buying an additional 9,412 shares in the last quarter. Spark Investment Management LLC purchased a new stake in La Quinta Holdings during the first quarter valued at about $5,298,000. YG Partners LLC raised its stake in La Quinta Holdings by 19.8% in the first quarter. YG Partners LLC now owns 177,474 shares of the company’s stock valued at $2,399,000 after buying an additional 29,358 shares in the last quarter. Finally, Ranger Global Real Estate Advisors LLC purchased a new stake in La Quinta Holdings during the first quarter valued at about $4,562,000. 97.67% of the stock is currently owned by institutional investors.

La Quinta Holdings Inc. (LQ) opened at 15.45 on Thursday. La Quinta Holdings Inc. has a 52 week low of $9.73 and a 52 week high of $15.72. The company’s 50-day moving average price is $14.81 and its 200-day moving average price is $14.16. The company has a market capitalization of $1.82 billion, a P/E ratio of 46.96 and a beta of 1.86.

La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. The company had revenue of $263.40 million during the quarter, compared to the consensus estimate of $260.44 million. During the same quarter last year, the company earned $0.21 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts forecast that La Quinta Holdings Inc. will post $0.38 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on LQ shares. Morgan Stanley raised La Quinta Holdings from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $14.50 to $16.00 in a research report on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research raised La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. BidaskClub raised La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, TheStreet raised La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.41.

About La Quinta Holdings

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

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