Wolverine Trading LLC purchased a new position in shares of La Quinta Holdings Inc. (NYSE:LQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,874 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in La Quinta Holdings by 3.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,917,905 shares of the company’s stock worth $116,948,000 after acquiring an additional 241,482 shares in the last quarter. Vanguard Group Inc. raised its position in shares of La Quinta Holdings 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 purchasing an additional 131,315 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of La Quinta Holdings by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,559,141 shares of the company’s stock valued at $52,569,000 after purchasing an additional 83,790 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of La Quinta Holdings by 68.6% in 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 purchasing an additional 1,258,565 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of La Quinta Holdings by 12.8% in the 1st quarter. Citadel Advisors LLC now owns 3,087,851 shares of the company’s stock valued at $41,748,000 after purchasing an additional 349,367 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of La Quinta Holdings Inc. (LQ) traded down 0.06% during trading on Thursday, hitting $17.58. The company’s stock had a trading volume of 125,676 shares. The company has a market capitalization of $2.06 billion, a P/E ratio of 49.66 and a beta of 1.85. La Quinta Holdings Inc. has a 1-year low of $9.73 and a 1-year high of $17.62. The firm’s 50 day moving average is $15.66 and its 200-day moving average is $14.48.

La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. The company had revenue of $263.40 million during the quarter, compared to the consensus estimate of $260.44 million. During the same quarter last year, the company earned $0.21 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts forecast that La Quinta Holdings Inc. will post $0.40 EPS for the current fiscal year.

A number of equities analysts have issued reports on LQ shares. Morgan Stanley raised La Quinta Holdings from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.50 to $16.00 in a research report on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research raised La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub lowered La Quinta Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, TheStreet raised La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.29.

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

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