Bank of America Corp DE boosted its position in shares of La Quinta Holdings Inc. (NYSE:LQ) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,770 shares of the company’s stock after buying an additional 433 shares during the period. Bank of America Corp DE’s holdings in La Quinta Holdings were worth $308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of La Quinta Holdings during the first quarter worth about $176,000. Schwab Charles Investment Management Inc. boosted its position in shares of La Quinta Holdings by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 479,567 shares of the company’s stock worth $6,484,000 after buying an additional 30,827 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in shares of La Quinta Holdings by 74.7% in the first quarter. United Capital Financial Advisers LLC now owns 23,695 shares of the company’s stock worth $320,000 after buying an additional 10,134 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of La Quinta Holdings by 12.8% in the first quarter. Citadel Advisors LLC now owns 3,087,851 shares of the company’s stock worth $41,748,000 after buying an additional 349,367 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of La Quinta Holdings by 27.3% in the first quarter. UBS Group AG now owns 753,436 shares of the company’s stock worth $10,186,000 after buying an additional 161,432 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Shares of La Quinta Holdings Inc. (NYSE LQ) traded up 0.91% on Wednesday, reaching $15.50. 112,939 shares of the company’s stock were exchanged. The stock has a market cap of $1.82 billion, a P/E ratio of 43.79 and a beta of 1.86. The company’s 50 day moving average price is $15.03 and its 200-day moving average price is $14.27. La Quinta Holdings Inc. has a 52-week low of $9.73 and a 52-week high of $15.99.

La Quinta Holdings (NYSE:LQ) last released its earnings results on Monday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $263.40 million during the quarter, compared to analysts’ expectations of $260.44 million. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Equities analysts forecast that La Quinta Holdings Inc. will post $0.39 EPS for the current fiscal year.

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A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research cut shares of La Quinta Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Finally, Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $14.50 to $16.00 in a report 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. La Quinta Holdings has an average rating of “Hold” and a consensus price target of $13.41.

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.

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

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