La Quinta Holdings Inc. (LQ): Alan J Bowers , director of La Quinta Holdings Inc. purchased 4,042 shares on May 2, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $12.36 per share for a total value of $49,959.12 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Jun 12, 2015, Angelo J. Lombardi (officer ) sold 35,578 shares at $24.30 per share price.On May 5, 2015, Mark M. Chloupek (officer ) sold 17,500 shares at $24.58 per share price.
Shares of La Quinta Holdings Inc (LQ) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.65% at $12.28 with 10,79,152 shares getting traded. Post opening the session at $12.21, the shares hit an intraday low of $12.21 and an intraday high of $12.5 and the price vacillated in this range throughout the day. The company has a market cap of $1,473 M and the number of outstanding shares has been calculated to be 11,99,58,798 shares. The 52-week high of La Quinta Holdings Inc is $24.94 and the 52-week low is $9.42.
Company has been under the radar of several Street Analysts.La Quinta Holdings Inc is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 17, 2016.La Quinta Holdings Inc is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 25, 2016.La Quinta Holdings Inc is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 18 from a previous price target of $19 . The Rating was issued on Feb 25, 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.