CorePoint Lodging Inc (NYSE:CPLG) shares were up 5.6% during trading on Thursday . The stock traded as high as $10.65 and last traded at $10.39, approximately 482,671 shares traded hands during mid-day trading. An increase of 12% from the average daily volume of 430,249 shares. The stock had previously closed at $9.84.

Several analysts have commented on CPLG shares. Zacks Investment Research cut CorePoint Lodging from a “buy” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine cut CorePoint Lodging from a “buy” rating to a “hold” rating in a report on Wednesday.

The company has a market cap of $570.77 million, a PE ratio of 5.04 and a beta of 1.01. The firm has a fifty day simple moving average of $9.95 and a 200 day simple moving average of $11.25.

CorePoint Lodging (NYSE:CPLG) last posted its quarterly earnings results on Wednesday, November 13th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.65). The business had revenue of $215.00 million during the quarter, compared to analysts’ expectations of $216.31 million. CorePoint Lodging had a negative net margin of 28.49% and a negative return on equity of 6.95%. Sell-side analysts anticipate that CorePoint Lodging Inc will post 1.59 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in CorePoint Lodging by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,611,680 shares of the company’s stock worth $81,918,000 after acquiring an additional 569,063 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of CorePoint Lodging by 77.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 5,044,114 shares of the company’s stock valued at $50,996,000 after acquiring an additional 2,201,797 shares during the last quarter. BlackRock Inc. increased its holdings in shares of CorePoint Lodging by 7.2% in the 2nd quarter. BlackRock Inc. now owns 3,317,238 shares of the company’s stock valued at $41,100,000 after acquiring an additional 221,841 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CorePoint Lodging by 11.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 771,262 shares of the company’s stock valued at $9,556,000 after acquiring an additional 78,980 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of CorePoint Lodging by 2.6% in the 2nd quarter. Northern Trust Corp now owns 560,409 shares of the company’s stock valued at $6,943,000 after acquiring an additional 14,112 shares during the last quarter. 90.72% of the stock is currently owned by institutional investors and hedge funds.

CorePoint Lodging Company Profile (NYSE:CPLG)

CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.

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