Shares of La Quinta Holdings Inc. (NYSE:LQ) reached a new 52-week high on Tuesday . The company traded as high as $15.91 and last traded at $15.91, with a volume of 782,069 shares trading hands. The stock had previously closed at $15.46.

A number of analysts have recently commented on LQ shares. BidaskClub lowered shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of La Quinta Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Finally, Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. One 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. The company has an average rating of “Hold” and an average target price of $13.41.

The stock has a 50-day moving average price of $14.93 and a 200-day moving average price of $14.23. The firm has a market cap of $1.87 billion, a P/E ratio of 44.94 and a beta of 1.86.

La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $263.40 million for the quarter, compared to the consensus estimate of $260.44 million. During the same quarter in the prior year, the company earned $0.21 EPS. La Quinta Holdings’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts expect that La Quinta Holdings Inc. will post $0.39 EPS for the current year.

Institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC acquired a new position in shares of La Quinta Holdings during the first quarter valued at $24,795,000. JPMorgan Chase & Co. boosted its stake in shares of La Quinta Holdings by 24.0% in the first quarter. JPMorgan Chase & Co. now owns 7,676,423 shares of the company’s stock worth $103,785,000 after buying an additional 1,487,652 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of La Quinta Holdings during the first quarter worth approximately $13,520,000. Capital Growth Management LP purchased a new stake in shares of La Quinta Holdings during the first quarter worth approximately $11,086,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of La Quinta Holdings by 29.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,475,351 shares of the company’s stock worth $46,986,000 after buying an additional 788,538 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

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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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