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Is La Quinta Holdings Inc (LQ) A Good Stock To Buy?

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Hedge fund interest in La Quinta Holdings Inc (NYSE:LQ) shares was flat at the end of last quarter. This is usually a negative indicator. 14 hedge funds that we track owned the stock on September 30, same as on June 30. At the end of this article we will also compare LQ to other stocks including 2U Inc (NASDAQ:TWOU), Fidelity & Guaranty Life (NYSE:FGL), and Amkor Technology, Inc. (NASDAQ:AMKR) to get a better sense of its popularity.

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What have hedge funds been doing with La Quinta Holdings Inc (NYSE:LQ)?

Heading into the fourth quarter of 2016, a total of 14 of the hedge funds tracked by Insider Monkey were bullish on this stock, a unchanged from the previous quarter. The graph below displays the number of hedge funds with bullish position in LQ over the last 5 quarters, which shows hedge fund ownership stuck at a yearly low. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings significantly (or already accumulated large positions).
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When looking at the institutional investors followed by Insider Monkey, Eminence Capital, led by Ricky Sandler, holds the most valuable position in La Quinta Holdings Inc (NYSE:LQ). Eminence Capital has a $101.7 million position in the stock, comprising 1.7% of its 13F portfolio. The second most bullish fund manager is Senator Investment Group, led by Doug Silverman and Alexander Klabin, which holds a $55.9 million position. Some other peers that are bullish include David E. Shaw’s D E Shaw, John Khoury’s Long Pond Capital, and Ken Griffin’s Citadel Investment Group. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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