La Quinta Holdings Inc (LQ) Holdings Trimmed by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of La Quinta Holdings Inc (NYSE:LQ) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,560 shares of the company’s stock after selling 14,073 shares during the period. California State Teachers Retirement System owned about 0.11% of La Quinta worth $2,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of La Quinta by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock valued at $98,342,000 after acquiring an additional 131,315 shares during the last quarter. Iridian Asset Management LLC CT lifted its stake in shares of La Quinta by 1,523.0% in 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 acquiring an additional 3,879,335 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of La Quinta by 12.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,000,431 shares of the company’s stock valued at $70,008,000 after acquiring an additional 441,290 shares during the last quarter. State Street Corp lifted its stake in shares of La Quinta by 2.4% in the 2nd quarter. State Street Corp now owns 1,728,787 shares of the company’s stock valued at $25,533,000 after acquiring an additional 40,093 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of La Quinta by 6.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 542,096 shares of the company’s stock valued at $9,487,000 after acquiring an additional 34,878 shares during the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

A number of brokerages have recently commented on LQ. Zacks Investment Research upgraded La Quinta from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. UBS Group upgraded La Quinta from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Wells Fargo & Co upgraded La Quinta 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. Finally, TheStreet cut La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. La Quinta has a consensus rating of “Buy” and a consensus price target of $17.81.

Shares of La Quinta Holdings Inc (NYSE:LQ) opened at $18.47 on Tuesday. The firm has a market capitalization of $2,170.00, a price-to-earnings ratio of 71.04, a P/E/G ratio of 8.69 and a beta of 1.85. La Quinta Holdings Inc has a 1-year low of $11.76 and a 1-year high of $18.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.38.

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

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About La Quinta

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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