Great West Life Assurance Co. Can Continues to Hold Position in La Quinta Holdings Inc. (LQ)
Great West Life Assurance Co. Can maintained its stake in shares of La Quinta Holdings Inc. (NYSE:LQ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,927 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in La Quinta Holdings were worth $102,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new stake in La Quinta Holdings during the second quarter worth $153,000. Ranger Global Real Estate Advisors LLC lifted its holdings in La Quinta Holdings by 5.8% during the second quarter. Ranger Global Real Estate Advisors LLC now owns 362,515 shares of the company’s stock worth $5,354,000 after acquiring an additional 20,000 shares during the period. CHICAGO TRUST Co NA lifted its holdings in La Quinta Holdings by 26.6% during the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock worth $223,000 after acquiring an additional 3,166 shares during the period. Bank of Montreal Can lifted its holdings in La Quinta Holdings by 32,325.9% during the second quarter. Bank of Montreal Can now owns 614,796 shares of the company’s stock worth $9,081,000 after acquiring an additional 612,900 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in La Quinta Holdings by 19.8% during the first quarter. Public Employees Retirement System of Ohio now owns 56,793 shares of the company’s stock worth $768,000 after acquiring an additional 9,392 shares during the period. 97.02% of the stock is currently owned by institutional investors.
Shares of La Quinta Holdings Inc. (LQ) opened at 16.60 on Wednesday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 46.89 and a beta of 1.85. La Quinta Holdings Inc. has a 52 week low of $9.73 and a 52 week high of $16.68. The firm has a 50 day moving average price of $15.66 and a 200 day moving average price of $14.48.
La Quinta Holdings (NYSE:LQ) last issued its earnings results on Monday, August 7th. The company reported $0.17 EPS for the quarter, beating the 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 business had revenue of $263.40 million for the quarter, compared to the consensus estimate of $260.44 million. During the same period last year, the business posted $0.21 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Equities analysts forecast that La Quinta Holdings Inc. will post $0.39 EPS for the current year.
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A number of brokerages recently commented on LQ. TheStreet upgraded La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Morgan Stanley upgraded 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 report on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, July 5th. Finally, BidaskClub upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. La Quinta Holdings presently has an average rating of “Hold” and an average 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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