La Quinta Holdings Inc (LQ) was Initiated by Goldman to “Sell”. Goldman advised their investors in a research report released on Sep 26, 2016.
On the company’s financial health, La Quinta Holdings Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.20. The company had revenue of $269.60 million for the quarter, compared to analysts expectations of $265.71 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.
La Quinta Holdings Inc opened for trading at $10.85 and hit $11.29 on the upside on Thursday, eventually ending the session at $11.28, with a gain of 5.22% or 0.56 points. The heightened volatility saw the trading volume jump to 12,40,059 shares. Company has a market cap of $1,317 M.
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.