La Quinta Holdings Inc. (NYSE:LQ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas. “

Separately, Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.50 to $16.00 in a report on Thursday, June 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.68.

Shares of La Quinta Holdings (NYSE:LQ) traded down 1.24% during mid-day trading on Friday, hitting $14.38. The company had a trading volume of 464,460 shares. La Quinta Holdings has a 52-week low of $9.73 and a 52-week high of $15.39. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 43.71 and a beta of 1.87. The firm has a 50-day moving average price of $14.62 and a 200 day moving average price of $14.10.

La Quinta Holdings (NYSE:LQ) last posted its earnings results on Wednesday, May 3rd. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. La Quinta Holdings had a net margin of 3.91% and a return on equity of 8.04%. The company had revenue of $234.27 million during the quarter, compared to analyst estimates of $232.20 million. Analysts expect that La Quinta Holdings will post $0.39 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC acquired a new position in shares of La Quinta Holdings during the first quarter valued at approximately $24,795,000. UBS Asset Management Americas Inc. boosted its position in shares of La Quinta Holdings by 69.7% in the first quarter. UBS Asset Management Americas Inc. now owns 51,764 shares of the company’s stock valued at $700,000 after buying an additional 21,263 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of La Quinta Holdings by 3,993.4% in the first quarter. BNP Paribas Arbitrage SA now owns 259,355 shares of the company’s stock valued at $3,506,000 after buying an additional 253,019 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of La Quinta Holdings by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 405,802 shares of the company’s stock valued at $5,485,000 after buying an additional 23,456 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of La Quinta Holdings during the first quarter valued at approximately $735,000. 99.21% of the stock is owned by institutional investors.

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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Analyst Recommendations for La Quinta Holdings (NYSE:LQ)

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