Oxford Asset Management Takes Position in La Quinta Holdings Inc. (LQ)

Oxford Asset Management bought a new position in shares of La Quinta Holdings Inc. (NYSE:LQ) during the fourth quarter, Holdings Channel reports. The fund bought 631,999 shares of the company’s stock, valued at approximately $8,981,000. Oxford Asset Management owned 0.54% of La Quinta Holdings as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Aberdeen Asset Management PLC UK boosted its stake in La Quinta Holdings by 36.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 2,597,121 shares of the company’s stock worth $36,905,000 after buying an additional 687,563 shares during the period. Dimensional Fund Advisors LP boosted its stake in La Quinta Holdings by 30.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,052,731 shares of the company’s stock worth $23,401,000 after buying an additional 475,076 shares during the period. Citadel Advisors LLC boosted its stake in La Quinta Holdings by 56.5% in the third quarter. Citadel Advisors LLC now owns 1,627,178 shares of the company’s stock worth $18,192,000 after buying an additional 587,145 shares during the period. State Street Corp boosted its stake in La Quinta Holdings by 1.9% in the fourth quarter. State Street Corp now owns 1,607,637 shares of the company’s stock worth $22,843,000 after buying an additional 29,392 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in La Quinta Holdings by 249.6% in the second quarter. Ameriprise Financial Inc. now owns 491,640 shares of the company’s stock worth $5,604,000 after buying an additional 351,005 shares during the period. Hedge funds and other institutional investors own 97.90% of the company’s stock.

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

La Quinta Holdings Inc. (NYSE:LQ) traded up 0.77% during trading on Friday, reaching $14.44. 578,026 shares of the company traded hands. The company’s 50-day moving average is $14.27 and its 200 day moving average is $12.19. The company has a market cap of $1.69 billion, a PE ratio of 262.55 and a beta of 1.95. La Quinta Holdings Inc. has a 12 month low of $9.65 and a 12 month high of $15.05.

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A number of analysts have issued reports on LQ shares. Wells Fargo & Company upgraded shares of La Quinta Holdings from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 1st. They noted that the move was a valuation call. Stifel Nicolaus lifted their target price on shares of La Quinta Holdings from $10.25 to $13.00 and gave the company a “hold” rating in a research note on Tuesday, January 10th. Zacks Investment Research cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Friday, December 2nd. Off Wall Street restated a “buy” rating and issued a $14.20 price objective on shares of La Quinta Holdings in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $11.00 price objective on shares of La Quinta Holdings in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. La Quinta Holdings currently has a consensus rating of “Hold” and a consensus price target of $12.65.

La Quinta Holdings Company Profile

La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States.

5 Day Chart for NYSE:LQ

Want to see what other hedge funds are holding LQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for La Quinta Holdings Inc. (NYSE:LQ).

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