GSA Capital Partners LLP raised its holdings in shares of La Quinta Holdings Inc (NYSE:LQ) by 39.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,097 shares of the company’s stock after acquiring an additional 23,595 shares during the quarter. GSA Capital Partners LLP owned approximately 0.07% of La Quinta worth $1,472,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC acquired a new stake in La Quinta during the 2nd quarter worth approximately $159,000. Institute for Wealth Management LLC. purchased a new position in shares of La Quinta during the 2nd quarter worth approximately $175,000. Neuberger Berman Group LLC purchased a new position in shares of La Quinta during the 3rd quarter worth approximately $182,000. Wolverine Trading LLC purchased a new position in shares of La Quinta during the 2nd quarter worth approximately $208,000. Finally, SG Americas Securities LLC purchased a new position in shares of La Quinta during the 3rd quarter worth approximately $232,000. 97.19% of the stock is owned by institutional investors and hedge funds.
Shares of La Quinta Holdings Inc (LQ) traded up $0.14 during trading on Thursday, reaching $18.46. The company had a trading volume of 1,289,835 shares, compared to its average volume of 671,567. La Quinta Holdings Inc has a 52-week low of $11.76 and a 52-week high of $18.59. The firm has a market capitalization of $2,150.00, a PE ratio of 71.00, a P/E/G ratio of 12.11 and a beta of 1.85. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.38.
A number of equities analysts have recently issued reports on LQ shares. Wells Fargo & Co raised La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, October 6th. Zacks Investment Research raised La Quinta from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, October 11th. UBS Group upgraded La Quinta from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, TheStreet cut La Quinta from a “b” rating to a “c+” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. La Quinta currently has a consensus rating of “Buy” and an average price target of $17.81.
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.
Receive News & Ratings for La Quinta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La Quinta and related companies with MarketBeat.com's FREE daily email newsletter.