Wolfe Research Initiates Coverage on La Quinta Holdings Inc to Peer Perform

Wolfe Research Initiates Coverage on La Quinta Holdings Inc(NYSE:LQ). The shares have been rated Peer Perform. The rating by Wolfe Research was issued on Jul 6, 2016.

In a different note, On Jun 14, 2016, Wells Fargo said it Downgrades its rating on La Quinta Holdings Inc. The shares have been rated ‘Underperform’ by the firm.

La Quinta Holdings Inc (LQ) made into the market gainers list on Mondays trading session with the shares advancing 1.36% or 0.16 points. Due to strong positive momentum, the stock ended at $11.92, which is also near the day’s high of $11.985. The stock began the session at $11.86 and the volume stood at 5,38,115 shares. The 52-week high of the shares is $24.18 and the 52 week low is $9.42. The company has a current market capitalization of $1,430 M and it has 11,99,58,798 shares in outstanding.

La Quinta Holdings Inc(LQ) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $241.77M. Analysts had an estimated revenue of $238.72M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Alan J Bowers (director) purchased 4,042 shares at $12.36 per share price.Also, On Jul 16, 2015, Rajiv K. Trivedi (officer ) sold 35,388 shares at $24.04 per share price.On Jul 15, 2015, Julie M. Cary (officer ) sold 9,592 shares at $23.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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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