La Quinta Holdings Inc. (NYSE:LQ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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. “

A number of other brokerages have also recently commented on LQ. UBS Group AG (USA) upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company upgraded shares of 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. BidaskClub cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. La Quinta Holdings has a consensus rating of “Buy” and an average price target of $17.09.

Shares of La Quinta Holdings (NYSE:LQ) traded down $0.74 on Friday, reaching $17.00. 2,586,223 shares of the company’s stock were exchanged, compared to its average volume of 1,870,000. The company has a market capitalization of $2.00 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 6.35 and a beta of 1.87. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.45. La Quinta Holdings has a 1 year low of $9.95 and a 1 year high of $18.53.

La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $268.60 million for the quarter, compared to the consensus estimate of $272.52 million. La Quinta Holdings had a return on equity of 6.31% and a net margin of 3.11%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. analysts expect that La Quinta Holdings will post 0.39 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings 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 purchasing an additional 23,456 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings 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 purchasing an additional 21,263 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of La Quinta Holdings by 17.7% in the first quarter. Parametric Portfolio Associates LLC now owns 121,998 shares of the company’s stock valued at $1,649,000 after purchasing an additional 18,347 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of La Quinta Holdings in the first quarter valued at approximately $558,000. Finally, Teachers Advisors LLC increased its holdings in shares of La Quinta Holdings by 5.0% in the first quarter. Teachers Advisors LLC now owns 191,391 shares of the company’s stock valued at $2,588,000 after purchasing an additional 9,198 shares in the last quarter. 97.51% of the stock is owned by institutional investors.

About La Quinta Holdings

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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