TheStreet Lowers La Quinta Holdings Inc. (NYSE:LQ) to C+

TheStreet downgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from a b rating to a c+ rating in a research report sent to investors on Thursday, November 2nd.

A number of other brokerages have also weighed in on LQ. Zacks Investment Research lowered La Quinta Holdings from a buy rating to a hold rating in a research report on Friday, July 21st. UBS AG raised La Quinta Holdings from a hold rating to a buy rating in a research report on Thursday, November 2nd. Wells Fargo & Company raised La Quinta Holdings from a market perform rating to an outperform rating and set a $22.00 target price for the company in a research report on Friday, October 6th. Finally, BidaskClub downgraded La Quinta Holdings from a hold rating to a sell rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. La Quinta Holdings currently has a consensus rating of Hold and an average price target of $17.81.

La Quinta Holdings (NYSE LQ) opened at $17.36 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $2,004.95, a P/E ratio of 47.42, a price-to-earnings-growth ratio of 13.79 and a beta of 1.87. La Quinta Holdings has a one year low of $11.76 and a one year high of $18.53.

La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $268.60 million during the quarter, compared to analysts’ expectations of $272.52 million. La Quinta Holdings had a return on equity of 6.23% and a net margin of 3.11%. La Quinta Holdings’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. sell-side analysts predict that La Quinta Holdings will post 0.33 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in La Quinta Holdings by 3.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,917,905 shares of the company’s stock worth $116,948,000 after purchasing an additional 241,482 shares during the period. Vanguard Group Inc. raised its holdings in shares of La Quinta Holdings by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock worth $98,342,000 after acquiring an additional 131,315 shares in the last quarter. Iridian Asset Management LLC CT raised its holdings in La Quinta Holdings by 1,523.0% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,134,055 shares of the company’s stock valued at $72,346,000 after buying an additional 3,879,335 shares during the period. Dimensional Fund Advisors LP raised its holdings in La Quinta Holdings by 12.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,000,431 shares of the company’s stock valued at $70,008,000 after buying an additional 441,290 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in La Quinta Holdings by 68.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,092,505 shares of the company’s stock valued at $45,676,000 after buying an additional 1,258,565 shares during the period. Institutional investors own 98.74% of the company’s stock.

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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