Schonfeld Strategic Advisors LLC trimmed its position in CorePoint Lodging Inc. (NYSE:CPLG) by 43.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,000 shares of the company’s stock after selling 13,800 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in CorePoint Lodging were worth $98,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CPLG. BlackRock Inc. boosted its holdings in CorePoint Lodging by 35.5% in the 3rd quarter. BlackRock Inc. now owns 4,526,479 shares of the company’s stock valued at $24,670,000 after purchasing an additional 1,186,128 shares during the last quarter. Tarsadia Capital LLC lifted its holdings in shares of CorePoint Lodging by 116.6% in the 3rd quarter. Tarsadia Capital LLC now owns 1,109,657 shares of the company’s stock worth $6,048,000 after acquiring an additional 597,365 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of CorePoint Lodging in the 2nd quarter worth approximately $526,000. Morgan Stanley lifted its holdings in shares of CorePoint Lodging by 75.7% in the 3rd quarter. Morgan Stanley now owns 247,393 shares of the company’s stock worth $1,349,000 after acquiring an additional 106,620 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of CorePoint Lodging by 50.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 262,927 shares of the company’s stock worth $1,107,000 after acquiring an additional 88,404 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.
Shares of CPLG opened at $6.88 on Friday. CorePoint Lodging Inc. has a fifty-two week low of $2.18 and a fifty-two week high of $10.74. The firm’s 50 day moving average price is $6.66 and its 200 day moving average price is $5.53. The company has a market cap of $400.15 million, a P/E ratio of -1.34 and a beta of 1.93.
CorePoint Lodging (NYSE:CPLG) last announced its earnings results on Thursday, November 5th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.78. CorePoint Lodging had a negative net margin of 58.59% and a negative return on equity of 14.67%. As a group, research analysts predict that CorePoint Lodging Inc. will post -0.31 earnings per share for the current year.
Several equities analysts have recently commented on CPLG shares. ValuEngine upgraded shares of CorePoint Lodging from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Zacks Investment Research upgraded shares of CorePoint Lodging from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Tuesday. Finally, BidaskClub downgraded shares of CorePoint Lodging from a “buy” rating to a “hold” rating in a research note on Friday, December 18th.
About CorePoint Lodging
CorePoint Lodging Inc, a real estate investment trust company, owns midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of December 31, 2019, it had a portfolio of 271 select-service hotels and approximately 35,000 rooms across 41 states in the United States. The company has elected to be taxed as a real estate investment trust.
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