CorePoint Lodging (NYSE:CPLG) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.
Several other brokerages have also recently commented on CPLG. JPMorgan Chase & Co. cut shares of CorePoint Lodging from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $13.00 to $11.00 in a report on Tuesday, July 9th. TheStreet cut shares of CorePoint Lodging from a “c” rating to a “d” rating in a report on Friday, April 5th. Finally, Zacks Investment Research raised shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th.
Shares of CPLG traded down $0.05 during mid-day trading on Thursday, hitting $11.41. 239,134 shares of the company’s stock were exchanged, compared to its average volume of 342,607. CorePoint Lodging has a 52 week low of $10.16 and a 52 week high of $25.60. The stock has a 50-day moving average of $12.41. The stock has a market capitalization of $662.35 million, a price-to-earnings ratio of 5.54 and a beta of 0.84.
CorePoint Lodging (NYSE:CPLG) last announced its earnings results on Tuesday, May 14th. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). CorePoint Lodging had a negative return on equity of 7.22% and a negative net margin of 31.35%. The business had revenue of $208.00 million for the quarter, compared to the consensus estimate of $202.35 million. As a group, sell-side analysts forecast that CorePoint Lodging will post 1.97 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of CorePoint Lodging by 43.3% during the 4th quarter. FMR LLC now owns 8,887,452 shares of the company’s stock worth $108,872,000 after acquiring an additional 2,684,291 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in CorePoint Lodging by 352.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,037 shares of the company’s stock valued at $160,000 after buying an additional 10,158 shares in the last quarter. Geode Capital Management LLC boosted its position in CorePoint Lodging by 41.4% in the fourth quarter. Geode Capital Management LLC now owns 548,573 shares of the company’s stock valued at $6,719,000 after buying an additional 160,661 shares in the last quarter. Boston Partners acquired a new stake in CorePoint Lodging in the first quarter valued at approximately $3,043,000. Finally, Public Employees Retirement System of Ohio boosted its position in CorePoint Lodging by 3,055.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 45,153 shares of the company’s stock valued at $553,000 after buying an additional 43,722 shares in the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.
CorePoint Lodging Company Profile
CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.
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