Voya Investment Management LLC Has $574,000 Stake in La Quinta Holdings Inc. (LQ)

Voya Investment Management LLC grew its position in shares of La Quinta Holdings Inc. (NYSE:LQ) by 11.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,884 shares of the company’s stock after purchasing an additional 3,994 shares during the period. Voya Investment Management LLC’s holdings in La Quinta Holdings were worth $574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of La Quinta Holdings during the second quarter valued at approximately $153,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of La Quinta Holdings during the first quarter valued at approximately $176,000. CHICAGO TRUST Co NA raised its stake in shares of La Quinta Holdings by 26.6% during the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock valued at $223,000 after purchasing an additional 3,166 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of La Quinta Holdings during the first quarter valued at approximately $235,000. Finally, California Public Employees Retirement System purchased a new stake in shares of La Quinta Holdings during the second quarter valued at approximately $275,000. Institutional investors own 97.51% of the company’s stock.

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A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of La Quinta Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Wells Fargo & Company upgraded shares of 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 note on Friday, October 6th. BidaskClub upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Finally, UBS Group AG (USA) upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. La Quinta Holdings presently has an average rating of “Buy” and a consensus price target of $17.09.

Shares of La Quinta Holdings Inc. (LQ) opened at $17.00 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $2.00 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 6.35 and a beta of 1.87.

La Quinta Holdings (NYSE:LQ) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). La Quinta Holdings had a net margin of 3.11% and a return on equity of 6.31%. The business had revenue of $268.60 million for the quarter, compared to the consensus estimate of $272.52 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. La Quinta Holdings’s revenue for the quarter was down 1.4% on a year-over-year basis. sell-side analysts forecast that La Quinta Holdings Inc. will post 0.39 earnings per share for the current fiscal year.

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.

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

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