La Quinta Holdings Inc (LQ) is Downgraded by Wells Fargo to Underperform

La Quinta Holdings Inc (LQ) was Downgraded by Wells Fargo to ” Underperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Jun 14, 2016.

Many Wall Street Analysts have commented on La Quinta Holdings Inc. La Quinta Holdings Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 17, 2016.

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.

La Quinta Holdings Inc closed down -0.48 points or -4.01% at $11.48 with 51,85,739 shares getting traded on Friday. Post opening the session at $11.82, the shares hit an intraday low of $11.395 and an intraday high of $11.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 4, 2016, Alan J Bowers (director) purchased 4,042 shares at $12.36 per share price. According to the SEC, 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.

La Quinta Holdings Inc

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