La Quinta Holdings Inc (LQ) is Athanor Capital LP’s 7th Largest Position
Athanor Capital LP raised its holdings in La Quinta Holdings Inc (NYSE:LQ) by 380.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 523,700 shares of the company’s stock after purchasing an additional 414,700 shares during the period. La Quinta makes up about 4.6% of Athanor Capital LP’s portfolio, making the stock its 7th largest holding. Athanor Capital LP owned approximately 0.45% of La Quinta worth $9,903,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. TIAA CREF Investment Management LLC lifted its holdings in shares of La Quinta by 17.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 556,316 shares of the company’s stock worth $10,270,000 after acquiring an additional 82,679 shares during the period. Virtu Financial LLC bought a new stake in shares of La Quinta during the 4th quarter worth approximately $219,000. BlackRock Inc. lifted its holdings in shares of La Quinta by 3.6% during the 4th quarter. BlackRock Inc. now owns 5,439,897 shares of the company’s stock worth $100,419,000 after acquiring an additional 190,701 shares during the period. Swiss National Bank lifted its holdings in shares of La Quinta by 5.2% during the 4th quarter. Swiss National Bank now owns 143,300 shares of the company’s stock worth $2,645,000 after acquiring an additional 7,100 shares during the period. Finally, Gator Capital Management LLC bought a new stake in shares of La Quinta during the 4th quarter worth approximately $417,000. 98.72% of the stock is owned by institutional investors.
La Quinta opened at $21.62 on Friday, Marketbeat.com reports. The company has a market cap of $2.41 billion, a P/E ratio of 74.55, a P/E/G ratio of 11.19 and a beta of 1.74. La Quinta Holdings Inc has a 1 year low of $13.61 and a 1 year high of $21.74. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.07.
LQ has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating on shares of La Quinta in a research report on Thursday, February 1st. ValuEngine upgraded shares of La Quinta from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Morgan Stanley upped their price objective on shares of La Quinta from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. Finally, UBS Group cut shares of La Quinta from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.80.
La Quinta Profile
La Quinta Holdings Inc owns, operates, and franchises select-service hotels. As of December 31, 2017, the company had 902 hotels, which included 317 owned and operated, as well as 585 franchised hotels with approximately 88,400 rooms under the La Quinta Inn, La Quinta Inn & Suites, and LQ Hotel trademarks primarily in 48 states of the United States, as well as in Canada, Mexico, Honduras, and Colombia.
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