Algert Global LLC acquired a new stake in shares of La Quinta Holdings Inc (NYSE:LQ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,365 shares of the company’s stock, valued at approximately $735,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WFG Advisors LP raised its stake in shares of La Quinta Holdings by 340,300.0% in the fourth quarter. WFG Advisors LP now owns 3,404 shares of the company’s stock worth $138,000 after buying an additional 3,403 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of La Quinta Holdings by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,401 shares of the company’s stock worth $162,000 after buying an additional 2,351 shares during the last quarter. United Capital Financial Advisers LLC acquired a new stake in shares of La Quinta Holdings during the fourth quarter worth about $193,000. Zweig DiMenna Associates LLC acquired a new stake in shares of La Quinta Holdings during the third quarter worth about $231,000. Finally, BlackRock Inc. raised its stake in shares of La Quinta Holdings by 1.1% in the third quarter. BlackRock Inc. now owns 24,027 shares of the company’s stock worth $269,000 after buying an additional 255 shares during the last quarter. 96.45% of the stock is currently owned by institutional investors.
Shares of La Quinta Holdings Inc (NYSE:LQ) traded up 2.54% during trading on Friday, hitting $14.13. The stock had a trading volume of 873,259 shares. La Quinta Holdings Inc has a one year low of $9.73 and a one year high of $15.39. The stock’s 50-day moving average price is $13.76 and its 200 day moving average price is $13.44. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 42.95 and a beta of 1.95.
La Quinta Holdings (NYSE:LQ) last released its earnings results on Wednesday, May 3rd. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $234.27 million for the quarter, compared to analyst estimates of $232.20 million. La Quinta Holdings had a return on equity of 9.67% and a net margin of 0.65%. On average, equities analysts forecast that La Quinta Holdings Inc will post $0.39 EPS for the current year.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Stifel Nicolaus decreased their price target on La Quinta Holdings from $13.50 to $13.25 and set a “hold” rating for the company in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. La Quinta Holdings presently has an average rating of “Hold” and a consensus price target of $12.35.
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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