Tyvor Capital LLC acquired a new position in La Quinta Holdings Inc (NYSE:LQ) during the fourth quarter, Holdings Channel reports. The firm acquired 40,000 shares of the company’s stock, valued at approximately $738,000. La Quinta makes up approximately 0.2% of Tyvor Capital LLC’s portfolio, making the stock its 29th biggest position.
A number of other hedge funds have also recently modified their holdings of LQ. Iridian Asset Management LLC CT lifted its holdings in La Quinta by 1,523.0% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,134,055 shares of the company’s stock worth $72,346,000 after buying an additional 3,879,335 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in La Quinta in the 3rd quarter worth $13,125,000. Arrowstreet Capital Limited Partnership acquired a new position in La Quinta in the 4th quarter worth $8,725,000. Dimensional Fund Advisors LP lifted its holdings in La Quinta by 12.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,000,431 shares of the company’s stock worth $70,008,000 after buying an additional 441,290 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its holdings in La Quinta by 1,440.4% in the 3rd quarter. OxFORD Asset Management LLP now owns 401,265 shares of the company’s stock worth $7,074,000 after buying an additional 375,215 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.
A number of equities analysts have commented on the stock. Deutsche Bank boosted their price objective on shares of La Quinta to $23.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Goldman Sachs Group upgraded shares of La Quinta from a “sell” rating to a “neutral” rating in a report on Friday, January 19th. Zacks Investment Research lowered shares of La Quinta from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Morgan Stanley set a $23.00 target price on shares of La Quinta and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Wells Fargo & Co lowered shares of La Quinta from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.25.
COPYRIGHT VIOLATION NOTICE: This news story was originally published by BBNS and is owned by of BBNS. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/40000-shares-in-la-quinta-holdings-inc-lq-purchased-by-tyvor-capital-llc/1909631.html.
La Quinta Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
Want to see what other hedge funds are holding LQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for La Quinta Holdings Inc (NYSE:LQ).
Receive News & Ratings for La Quinta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La Quinta and related companies with MarketBeat.com's FREE daily email newsletter.