Two Sigma Investments LP increased its holdings in La Quinta Holdings Inc (NYSE:LQ) by 847.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 900,566 shares of the company’s stock after acquiring an additional 805,466 shares during the quarter. Two Sigma Investments LP owned approximately 0.77% of La Quinta worth $16,624,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC acquired a new position in shares of La Quinta in the 3rd quarter valued at $182,000. Stone Ridge Asset Management LLC acquired a new position in La Quinta in the 4th quarter valued at $206,000. Virtu Financial LLC acquired a new position in La Quinta in the 4th quarter valued at $219,000. SG Americas Securities LLC acquired a new position in La Quinta in the 3rd quarter valued at $232,000. Finally, Brown Advisory Inc. acquired a new position in La Quinta in the 4th quarter valued at $253,000. 99.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:LQ traded down $0.03 on Friday, reaching $19.28. 1,690,456 shares of the company were exchanged, compared to its average volume of 1,403,138. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.02. La Quinta Holdings Inc has a 1-year low of $13.11 and a 1-year high of $21.06. The stock has a market cap of $2,262.35, a PE ratio of 64.27, a price-to-earnings-growth ratio of 8.88 and a beta of 1.74.
La Quinta (NYSE:LQ) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). La Quinta had a return on equity of 4.85% and a net margin of 15.50%. The company had revenue of $214.30 million for the quarter, compared to analyst estimates of $222.41 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. equities analysts anticipate that La Quinta Holdings Inc will post 0.43 earnings per share for the current year.
Several equities analysts have issued reports on the stock. ValuEngine raised shares of La Quinta from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. UBS cut shares of La Quinta from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Morgan Stanley reissued a “buy” rating and issued a $22.00 price objective (down from $23.00) on shares of La Quinta in a research note on Thursday, March 1st. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price objective (down from $19.00) on shares of La Quinta in a research note on Thursday, March 1st. Finally, Wells Fargo cut shares of La Quinta from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.
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La Quinta 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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