First Dallas Securities buys $780,093 stake in La Quinta Holdings Inc (LQ)

La Quinta Holdings Inc (LQ) : First Dallas Securities scooped up 22,050 additional shares in La Quinta Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 62,860 shares of La Quinta Holdings Inc which is valued at $780,093.La Quinta Holdings Inc makes up approximately 0.58% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Vigilant Capital Management added LQ to its portfolio by purchasing 248 company shares during the most recent quarter which is valued at $3,093. Chicago Trust Co Na added LQ to its portfolio by purchasing 11,748 company shares during the most recent quarter which is valued at $138,156. La Quinta Holdings Inc makes up approx 0.06% of Chicago Trust Co Na’s portfolio.Curian Capital reduced its stake in LQ by selling 9,412 shares or 40.56% in the most recent quarter. The Hedge Fund company now holds 13,792 shares of LQ which is valued at $162,194. La Quinta Holdings Inc makes up approx 0.01% of Curian Capital’s portfolio. Bnp Paribas Arbitrage Sa added LQ to its portfolio by purchasing 3,268 company shares during the most recent quarter which is valued at $38,432.

La Quinta Holdings Inc (LQ) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.31 and reached the intraday high at $12.38. The bulls started the profit booking and pushed the shares to intraday low of $12.14. The trading session was marked by a volume range of 5,32,893 shares exchanging hands. The 52-week high of the shares is $22.3775 and the 52-week low is $9.42. The market cap of the company stands at $1,484 M and there are 11,99,58,798 shares in public circulation.

On the company’s financial health, La Quinta Holdings Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.08. The company had revenue of $241.77 million for the quarter, compared to analysts expectations of $238.66 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on La Quinta Holdings Inc. La Quinta Holdings Inc was Downgraded by Wells Fargo to ” Underperform” on Jun 14, 2016.

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 and franchise and management. Owned hotels segment includes the operation of owned hotel properties located in the United States. Franchise and management segment operations include various franchise and management agreements relating to its owned franchised and managed hotels. As of December 31 2014 the Company’s inventory consisted of 867 hotels representing approximately 86500 rooms located across 47 United States as well as in Canada and Mexico of which 353 hotels were owned and operated and 514 were franchised.

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