La Quinta Holdings Inc. (LQ) Shares Sold by OxFORD Asset Management LLP
OxFORD Asset Management LLP decreased its holdings in shares of La Quinta Holdings Inc. (NYSE:LQ) by 83.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,050 shares of the company’s stock after selling 130,491 shares during the period. OxFORD Asset Management LLP’s holdings in La Quinta Holdings were worth $385,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Quantitative Systematic Strategies LLC bought a new stake in La Quinta Holdings during the second quarter worth about $153,000. Oppenheimer Asset Management Inc. bought a new stake in La Quinta Holdings during the first quarter worth about $176,000. CHICAGO TRUST Co NA lifted its stake in La Quinta Holdings by 26.6% during the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock worth $223,000 after purchasing an additional 3,166 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in La Quinta Holdings during the first quarter worth about $235,000. Finally, California Public Employees Retirement System bought a new stake in La Quinta Holdings during the second quarter worth about $275,000. 97.02% of the stock is owned by institutional investors.
Shares of La Quinta Holdings Inc. (NYSE LQ) opened at 18.11 on Friday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 51.16 and a beta of 1.88. The stock has a 50 day moving average price of $17.17 and a 200-day moving average price of $15.17. La Quinta Holdings Inc. has a 1-year low of $9.73 and a 1-year high of $18.53.
La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The firm had revenue of $263.40 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Equities research analysts forecast that La Quinta Holdings Inc. will post $0.41 earnings per share for the current year.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised La Quinta Holdings from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, October 11th. Wells Fargo & Company raised La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, October 6th. TheStreet raised La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $16.08.
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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