River Road Asset Management LLC trimmed its position in shares of La Quinta Holdings Inc. (NYSE:LQ) by 39.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,012,030 shares of the company’s stock after selling 661,050 shares during the period. River Road Asset Management LLC owned approximately 861,595.44% of La Quinta Holdings worth $17,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LQ. First Eagle Investment Management LLC raised its holdings in shares of La Quinta Holdings by 68.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,092,505 shares of the company’s stock worth $45,676,000 after acquiring an additional 1,258,565 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of La Quinta Holdings by 29.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,475,351 shares of the company’s stock worth $46,986,000 after acquiring an additional 788,538 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of La Quinta Holdings by 32,325.9% during the 2nd 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 in the last quarter. Forward Management LLC purchased a new stake in shares of La Quinta Holdings during the 2nd quarter worth approximately $4,474,000. Finally, Alliancebernstein L.P. raised its holdings in shares of La Quinta Holdings by 201.1% during the 2nd quarter. Alliancebernstein L.P. now owns 394,100 shares of the company’s stock worth $5,821,000 after acquiring an additional 263,200 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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La Quinta Holdings Inc. (LQ) traded up $0.04 during midday trading on Friday, hitting $16.96. The stock had a trading volume of 43,455 shares, compared to its average volume of 1,189,216. The company has a market cap of $1,989.68, a P/E ratio of 47.06, a P/E/G ratio of 13.09 and a beta of 1.87. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.38. La Quinta Holdings Inc. has a 52-week low of $10.68 and a 52-week high of $18.53.

La Quinta Holdings (NYSE:LQ) last released its earnings results on Wednesday, November 1st. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). The company had revenue of $268.60 million for the quarter, compared to the consensus estimate of $272.52 million. La Quinta Holdings had a net margin of 3.11% and a return on equity of 6.23%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. research analysts expect that La Quinta Holdings Inc. will post 0.35 EPS for the current fiscal year.

Several analysts have recently issued reports on the company. TheStreet cut La Quinta Holdings from a “b” rating to a “c+” rating in a report on Thursday, November 2nd. Zacks Investment Research cut La Quinta Holdings from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. UBS AG raised La Quinta Holdings from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Wells Fargo & Company raised La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, October 6th. Finally, BidaskClub raised La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. La Quinta Holdings presently has a consensus rating of “Hold” and an average price target of $17.81.

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

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