La Quinta Holdings Inc. (NYSE:LQ) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 3,161,734 shares, a growth of 54.3% from the July 31st total of 2,049,684 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average daily volume of 1,104,993 shares, the days-to-cover ratio is currently 2.9 days.

Shares of La Quinta Holdings (NYSE LQ) opened at 15.54 on Thursday. La Quinta Holdings has a 12-month low of $9.73 and a 12-month high of $15.99. The firm’s 50-day moving average price is $15.03 and its 200 day moving average price is $14.27. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 43.90 and a beta of 1.86.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of LQ. Bank of America Corp DE increased its position in shares of La Quinta Holdings by 1.9% in the first quarter. Bank of America Corp DE now owns 22,770 shares of the company’s stock valued at $308,000 after buying an additional 433 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of La Quinta Holdings by 0.7% in the second quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock valued at $2,324,000 after buying an additional 1,107 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of La Quinta Holdings by 2.1% in the second quarter. Public Employees Retirement System of Ohio now owns 57,972 shares of the company’s stock valued at $856,000 after buying an additional 1,179 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of La Quinta Holdings by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 61,943 shares of the company’s stock valued at $837,000 after buying an additional 1,316 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of La Quinta Holdings by 26.6% in the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock valued at $223,000 after buying an additional 3,166 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

LQ has been the subject of several recent analyst reports. Morgan Stanley upgraded La Quinta Holdings from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research cut La Quinta Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.41.

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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.

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