CorePoint Lodging (NYSE:CPLG) Downgraded to “Sell” at Zacks Investment Research

Share on StockTwits

CorePoint Lodging (NYSE:CPLG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Corepoint Lodging Inc is a real-estate investment trust. It focused on select-service midscale and upper-midscale lodging. The company owns a diverse portfolio of hotels. Corepoint Lodging Inc is based in Irving, United States. “

Separately, TheStreet lowered shares of CorePoint Lodging from a “c” rating to a “d” rating in a research note on Friday, April 5th.

CPLG stock traded up $0.07 during midday trading on Wednesday, hitting $13.05. The company’s stock had a trading volume of 508,400 shares, compared to its average volume of 494,719. CorePoint Lodging has a twelve month low of $10.16 and a twelve month high of $26.95. The firm has a market capitalization of $750.41 million and a P/E ratio of 6.33.

CorePoint Lodging (NYSE:CPLG) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.47) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $202.35 million. Equities analysts expect that CorePoint Lodging will post 1.95 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC grew its position in shares of CorePoint Lodging by 29.1% in the 1st quarter. Quantamental Technologies LLC now owns 4,600 shares of the company’s stock valued at $51,000 after acquiring an additional 1,037 shares during the period. Pearl River Capital LLC bought a new position in shares of CorePoint Lodging in the 4th quarter valued at about $63,000. SG Americas Securities LLC bought a new position in shares of CorePoint Lodging in the 4th quarter valued at about $114,000. BNP Paribas Arbitrage SA grew its position in shares of CorePoint Lodging by 38.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,600 shares of the company’s stock valued at $107,000 after acquiring an additional 2,662 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new position in shares of CorePoint Lodging in the 1st quarter valued at about $130,000. 92.91% of the stock is owned by institutional investors.

CorePoint Lodging Company Profile

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.

Featured Article: Retained Earnings

Get a free copy of the Zacks research report on CorePoint Lodging (CPLG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CorePoint Lodging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CorePoint Lodging and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

MKM Partners Lowers ADTRAN  Price Target to $17.00
MKM Partners Lowers ADTRAN Price Target to $17.00
Apple  PT Raised to $180.00 at Nomura
Apple PT Raised to $180.00 at Nomura
Advaxis  Lowered to “Hold” at ValuEngine
Advaxis Lowered to “Hold” at ValuEngine
Zacks Investment Research Upgrades Atlas Air Worldwide  to “Hold”
Zacks Investment Research Upgrades Atlas Air Worldwide to “Hold”
Apple  Raised to “Outperform” at Raymond James
Apple Raised to “Outperform” at Raymond James
Zacks Investment Research Lowers Agilysys  to Hold
Zacks Investment Research Lowers Agilysys to Hold


© 2006-2019 Ticker Report