It closed Thursday at $18.96 up 1.17 percent, but was down in after-hours trading.
La Quinta Holdings, declared that its Board of Directors has approved a program to repurchase an aggregate of up to $100 million of the Company’s common stock, effective right away.
La Quinta Holdings Inc.
La Quinta Holdings (NYSE:LQ) traded down 15.39% during midday trading on Friday, hitting $16.05. Stifel Nicolaus maintained the stock on September 18 with “Buy” rating.
Booz Allen Hamilton Holding Corporation provides administration consulting, technology, and engineering services to corporations, institutions, not-for-profit organizations, and the USA government in defense, intelligence, and civil markets in the United States and internationally. The company has a market cap of $2.10 billion and a PE ratio of 203.80.
Brokerage firm Citigroup Downgrades its rating on La Quinta Holdings(NYSE:LQ). During last 3 month period, -0.16% of total institutional ownership has changed in the company shares. La Quinta Holdings was the topic in 4 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Our stocks momentum model is shown on the price chart below. The firm has a 50 day moving average of $19.42 and a 200 day moving average of $22.56.
In related news, insider Rajiv K. Trivedi sold 35,388 shares of the stock in a transaction that occurred on Thursday, July 16th. The 1 year high for the share price is 24.94 Dollars while the 52 week low for the stock is 15.69 USD. The business earned $273.90 million during the quarter, compared to the consensus estimate of $276.50 million. Also, insider Julie M. Cary sold 9,592 shares of the stock in a transaction on Monday, July 13th. The company now has an average rating of “Buy” and a consensus price target of $23.63. The disclosure for this sale can be found here.
“La Quinta has an exceptionally strong and experienced management team in place to continue the company’s robust franchise growth, deliver the outstanding experiences its guests have come to expect, and drive shareholder value”, La Quinta’s Chairman of the Board Mitesh Shah said in a statement. Owned hotels segment derives its earnings from 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. Its system-wide portfolio, as of September 30, 2013, consisted of 836 hotels representing approximately 84,000 rooms located predominantly across 46 United States, as well as in Canada and Mexico, of which 370 hotels were owned and operated and 466 were franchised.