TIAA CREF Investment Management LLC Has $7.20 Million Holdings in La Quinta Holdings Inc. (LQ)

TIAA CREF Investment Management LLC lowered its stake in La Quinta Holdings Inc. (NYSE:LQ) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 487,418 shares of the company’s stock after selling 47,335 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.41% of La Quinta Holdings worth $7,199,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in La Quinta Holdings by 1.9% in the 1st quarter. Bank of America Corp DE now owns 22,770 shares of the company’s stock worth $308,000 after purchasing an additional 433 shares during the period. BNP Paribas Arbitrage SA boosted its stake in La Quinta Holdings by 4.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 270,915 shares of the company’s stock worth $4,001,000 after purchasing an additional 11,560 shares during the period. Bank of New York Mellon Corp boosted its stake in La Quinta Holdings by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 405,802 shares of the company’s stock worth $5,485,000 after purchasing an additional 23,456 shares during the period. YG Partners LLC boosted its stake in La Quinta Holdings by 19.8% in the 1st quarter. YG Partners LLC now owns 177,474 shares of the company’s stock worth $2,399,000 after purchasing an additional 29,358 shares during the period. Finally, Ranger Global Real Estate Advisors LLC bought a new position in La Quinta Holdings in the 1st quarter worth about $4,562,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Several research analysts have commented on LQ shares. Zacks Investment Research downgraded La Quinta Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Wells Fargo & Company upgraded La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Friday, October 6th. BidaskClub downgraded La Quinta Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Morgan Stanley upgraded La Quinta Holdings from an “equal weight” rating to an “overweight” rating and lifted their price target 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. Finally, TheStreet upgraded La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. La Quinta Holdings has an average rating of “Buy” and a consensus price target of $16.08.

La Quinta Holdings Inc. (NYSE LQ) opened at 18.17 on Thursday. La Quinta Holdings Inc. has a one year low of $9.73 and a one year high of $18.28. The company’s 50 day moving average price is $16.62 and its 200-day moving average price is $14.94. The stock has a market capitalization of $2.13 billion, a PE ratio of 51.33 and a beta of 1.88.

La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $260.44 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Analysts expect that La Quinta Holdings Inc. will post $0.40 earnings per share for the current year.

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La Quinta Holdings 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.

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

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