CorePoint Lodging (NYSE:CPLG) Stock Rating Upgraded by ValuEngine

CorePoint Lodging (NYSE:CPLG) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

Several other analysts also recently weighed in on CPLG. Zacks Investment Research upgraded CorePoint Lodging from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. cut CorePoint Lodging from a “neutral” rating to an “underweight” rating and cut their price target for the company from $13.00 to $11.00 in a report on Tuesday, July 9th. Finally, TheStreet cut CorePoint Lodging from a “c” rating to a “d” rating in a report on Friday, April 5th.

NYSE:CPLG traded down $0.27 during mid-day trading on Thursday, hitting $11.46. 258,415 shares of the company’s stock traded hands, compared to its average volume of 464,661. The firm’s 50 day moving average price is $12.44. CorePoint Lodging has a 12 month low of $10.16 and a 12 month high of $25.64. The company has a market capitalization of $696.59 million and a price-to-earnings ratio of 5.56.

CorePoint Lodging (NYSE:CPLG) last announced its earnings results on Tuesday, May 14th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.16). CorePoint Lodging had a negative net margin of 31.35% and a negative return on equity of 7.22%. The business had revenue of $208.00 million for the quarter, compared to the consensus estimate of $202.35 million. On average, sell-side analysts forecast that CorePoint Lodging will post 1.97 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in CorePoint Lodging by 43.3% in the 4th quarter. FMR LLC now owns 8,887,452 shares of the company’s stock valued at $108,872,000 after acquiring an additional 2,684,291 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in CorePoint Lodging by 352.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 13,037 shares of the company’s stock valued at $160,000 after acquiring an additional 10,158 shares in the last quarter. Geode Capital Management LLC raised its holdings in CorePoint Lodging by 41.4% in the 4th quarter. Geode Capital Management LLC now owns 548,573 shares of the company’s stock valued at $6,719,000 after acquiring an additional 160,661 shares in the last quarter. Boston Partners acquired a new position in CorePoint Lodging in the 1st quarter valued at approximately $3,043,000. Finally, Public Employees Retirement System of Ohio raised its holdings in CorePoint Lodging by 3,055.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 45,153 shares of the company’s stock valued at $553,000 after acquiring an additional 43,722 shares in the last quarter. 93.10% of the stock is owned by hedge funds and other institutional investors.

About CorePoint Lodging

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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