Advisor Group Inc. Maintains Holdings in La Quinta Holdings Inc. (LQ)
Advisor Group Inc. held its stake in shares of La Quinta Holdings Inc. (NYSE:LQ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,550 shares of the company’s stock at the end of the second quarter. Advisor Group Inc.’s holdings in La Quinta Holdings were worth $244,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. California Public Employees Retirement System bought a new position in shares of La Quinta Holdings in the 2nd quarter worth approximately $275,000. Vanguard Group Inc. lifted its stake in shares of La Quinta Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock worth $98,342,000 after purchasing an additional 131,315 shares during the period. Penn Capital Management Co. Inc. lifted its stake in shares of La Quinta Holdings by 180.0% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 131,066 shares of the company’s stock worth $2,025,000 after purchasing an additional 84,263 shares during the period. Citigroup Inc. lifted its stake in shares of La Quinta Holdings by 3.5% in the 2nd quarter. Citigroup Inc. now owns 311,069 shares of the company’s stock worth $4,595,000 after purchasing an additional 10,579 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of La Quinta Holdings by 0.7% in the 2nd quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock worth $2,324,000 after purchasing an additional 1,107 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.
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Shares of La Quinta Holdings Inc. (NYSE LQ) opened at 18.25 on Tuesday. The firm’s 50-day moving average is $16.83 and its 200-day moving average is $15.02. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 51.55 and a beta of 1.88. La Quinta Holdings Inc. has a one year low of $9.73 and a one year high of $18.53.
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 the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The business had revenue of $263.40 million during the quarter, compared to the consensus estimate of $260.44 million. La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Equities research analysts forecast that La Quinta Holdings Inc. will post $0.40 EPS for the current year.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, October 11th. Wells Fargo & Company upgraded shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Friday, October 6th. TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. La Quinta Holdings has an average rating of “Buy” and an average target price of $16.08.
La Quinta Holdings 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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