State Street Corp increased its stake in La Quinta Holdings Inc. (NYSE:LQ) by 5.0% during the first quarter, Holdings Channel reports. The firm owned 1,688,694 shares of the company’s stock after buying an additional 81,057 shares during the period. State Street Corp’s holdings in La Quinta Holdings were worth $22,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of La Quinta Holdings during the first quarter valued at approximately $176,000. Envestnet Asset Management Inc. boosted its stake in shares of La Quinta Holdings by 88.9% in the first quarter. Envestnet Asset Management Inc. now owns 21,535 shares of the company’s stock valued at $291,000 after buying an additional 10,134 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of La Quinta Holdings by 1.9% in the first quarter. Bank of America Corp DE now owns 22,770 shares of the company’s stock valued at $308,000 after buying an additional 433 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in shares of La Quinta Holdings by 74.7% in the first quarter. United Capital Financial Advisers LLC now owns 23,695 shares of the company’s stock valued at $320,000 after buying an additional 10,134 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of La Quinta Holdings during the first quarter valued at approximately $450,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.

La Quinta Holdings Inc. (LQ) traded down 0.65% during mid-day trading on Thursday, hitting $15.35. 184,317 shares of the company were exchanged. The company’s 50-day moving average is $14.81 and its 200 day moving average is $14.16. The company has a market capitalization of $1.80 billion, a P/E ratio of 43.36 and a beta of 1.86. La Quinta Holdings Inc. has a 12-month low of $9.73 and a 12-month high of $15.72.

La Quinta Holdings (NYSE:LQ) last announced its earnings results on Monday, August 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. The business 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 firm earned $0.21 earnings per share. La Quinta Holdings’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that La Quinta Holdings Inc. will post $0.38 EPS for the current year.

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Several analysts have commented on the stock. TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday. BidaskClub upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, July 5th. Finally, Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and upped their target price 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. One equities research 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 company has an average rating of “Hold” and a consensus target price of $13.41.

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

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