SG Americas Securities LLC Invests $232,000 in La Quinta Holdings Inc. (LQ) Stock

SG Americas Securities LLC acquired a new stake in La Quinta Holdings Inc. (NYSE:LQ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,283 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in La Quinta by 1.9% in the first quarter. Bank of America Corp DE now owns 22,770 shares of the company’s stock valued at $308,000 after purchasing an additional 433 shares during the period. New York State Common Retirement Fund grew its holdings in La Quinta by 0.7% during the 2nd quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock worth $2,324,000 after acquiring an additional 1,107 shares during the period. Public Employees Retirement System of Ohio grew its holdings in La Quinta by 2.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 57,972 shares of the company’s stock worth $856,000 after acquiring an additional 1,179 shares during the period. Voya Investment Management LLC grew its stake in shares of La Quinta by 11.4% in the 2nd quarter. Voya Investment Management LLC now owns 38,884 shares of the company’s stock valued at $574,000 after buying an additional 3,994 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of La Quinta by 13.2% in the 2nd quarter. Wells Fargo & Company MN now owns 72,704 shares of the company’s stock valued at $1,074,000 after buying an additional 8,498 shares during the period. Institutional investors and hedge funds own 97.19% of the company’s stock.

La Quinta Holdings Inc. (LQ) opened at $18.11 on Thursday. La Quinta Holdings Inc. has a 1 year low of $11.76 and a 1 year high of $18.53. The firm has a market cap of $2,123.58, a PE ratio of 50.22, a P/E/G ratio of 14.61 and a beta of 1.85. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.40 and a quick ratio of 1.40.

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

Several analysts have recently commented on the company. Zacks Investment Research downgraded La Quinta from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet downgraded La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. UBS upgraded La Quinta from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Company raised shares of La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.81.

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La Quinta 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.

Institutional Ownership by Quarter for La Quinta (NYSE:LQ)

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