Zweig DiMenna Associates LLC Takes Position in La Quinta Holdings Inc. (LQ)

Zweig DiMenna Associates LLC acquired a new stake in La Quinta Holdings Inc. (NYSE:LQ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,700 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds have also recently modified their holdings of LQ. Citadel Advisors LLC raised 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 valued at $18,192,000 after buying an additional 587,145 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in shares of La Quinta Holdings by 55.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,452,516 shares of the company’s stock valued at $16,559,000 after buying an additional 518,469 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $23,401,000 after buying an additional 475,076 shares during the last quarter. Bank of Montreal Can increased its position in shares of La Quinta Holdings by 220.2% in the third quarter. Bank of Montreal Can now owns 276,295 shares of the company’s stock valued at $3,089,000 after buying an additional 190,011 shares during the last quarter. Finally, Piermont Capital Management Inc. increased its position in shares of La Quinta Holdings by 212.3% in the third quarter. Piermont Capital Management Inc. now owns 182,760 shares of the company’s stock valued at $2,043,000 after buying an additional 124,230 shares during the last quarter. 97.90% of the stock is owned by institutional investors.

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

La Quinta Holdings Inc. (NYSE:LQ) opened at 14.44 on Friday. The company has a market cap of $1.69 billion, a PE ratio of 262.55 and a beta of 1.95. The stock’s 50 day moving average price is $14.29 and its 200-day moving average price is $12.21. La Quinta Holdings Inc. has a 1-year low of $9.73 and a 1-year high of $15.05.

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Several equities analysts have recently commented on the company. Bank of America Corporation upgraded La Quinta Holdings from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 15th. Zacks Investment Research upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Stifel Nicolaus boosted their price objective on La Quinta Holdings from $10.25 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, January 10th. Wells Fargo & Company upgraded La Quinta Holdings from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 1st. They noted that the move was a valuation call. Finally, Off Wall Street reiterated a “buy” rating and issued a $14.20 target price on shares of La Quinta Holdings in a research report on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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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