La Quinta Hldgs (LQ) Valuation Rose While Grs Advisors Has Trimmed Its Holding; Cubic (CUB) Shareholder First Pacific Advisors Has Lowered Its Stake by $6.45 Million

June 20, 2018 - By wolcottdaily

La Quinta Holdings Inc. (NYSE:LQ) Logo

Robert Rodriguez decreased its stake in Cubic Corp (CUB) by 48.41% based on its latest 2018Q1 regulatory filing with the SEC. First Pacific Advisors Llc sold 102,304 shares as the company’s stock rose 13.95% while stock markets declined. The hedge fund run by Robert Rodriguez held 109,033 shares of the industrial machinery and components company at the end of 2018Q1, valued at $6.93M, down from 211,337 at the end of the previous reported quarter. First Pacific Advisors Llc who had been investing in Cubic Corp for a number of months, seems to be less bullish one the $1.82 billion market cap company. The stock increased 0.45% or $0.3 during the last trading session, reaching $67. About 322,460 shares traded or 71.42% up from the average. Cubic Corporation (NYSE:CUB) has risen 51.12% since June 20, 2017 and is uptrending. It has outperformed by 38.55% the S&P500. Some Historical CUB News: 17/05/2018 – Cubic Marketing Event Scheduled By Capital Alpha for May. 18; 22/05/2018 – Cubic and TransLink Launch Open Payments on Vancouver’s Public Transit System; 23/05/2018 – Cubic to Integrate Atlanta’s Xpress Next-Generation Bus Fareboxes with MARTA Breeze Back Office; 20/03/2018 – Cubic Corp to Receive More Than $185M With Additional Over-And-Above Work in Army Contrac; 05/04/2018 – Cubic to Explore Mobility Strategies at American Public Transportation Association (APTA) Conference; 12/03/2018 – Cubic and Transport for New South Wales to Expand Open Payment Trial in Sydney; 07/05/2018 – Cubic Awarded Contract to Deliver PRISim Suite PortableTrainers to US Air National Guard; 21/03/2018 – CUBIC,JOHN LAING GROUP CLOSES FINANCING WITH MBTA FOR PAYMENTS; 16/05/2018 – Cubic and 4C Strategies Strengthen Strategic Partnership for Training and Readiness Capabilities; 02/05/2018 – CUBIC 2Q EBITDA $11.40

Grs Advisors Llc decreased its stake in La Quinta Hldgs Inc (LQ) by 25.57% based on its latest 2018Q1 regulatory filing with the SEC. Grs Advisors Llc sold 193,000 shares as the company’s stock rose 8.91% while stock markets declined. The institutional investor held 561,740 shares of the hotels and resorts company at the end of 2018Q1, valued at $10.62M, down from 754,740 at the end of the previous reported quarter. Grs Advisors Llc who had been investing in La Quinta Hldgs Inc for a number of months, seems to be less bullish one the $2.54B market cap company. The stock increased 5.10% or $1.05 during the last trading session, reaching $21.62. About 3.78 million shares traded or 136.98% up from the average. La Quinta Holdings Inc. (NYSE:LQ) has risen 46.63% since June 20, 2017 and is uptrending. It has outperformed by 34.06% the S&P500. Some Historical LQ News: 08/03/2018 USGS: M 0.7 – 11km SSW of La Quinta, CA; 20/03/2018 – USGS: M 0.7 – 16km SW of La Quinta, CA; 09/03/2018 – LA QUINTA HOLDINGS ANNOUNCES RECORD DATE AND SPECIAL MEETING OF STOCKHOLDERS RELATED TO ITS PROPOSED ACQUISITION BY WYNDHAM WORLDWIDE; 20/04/2018 – Report: Developing Opportunities within CymaBay Therapeutics, IAC/InterActiveCorp, Axcelis Technologies, La Quinta, Hornbeck Of; 08/05/2018 – La Quinta Holdings 1Q Loss/Shr 13c; 08/05/2018 – LA QUINTA HOLDERS TO GET ONE COREPOINT SHR FOR EACH LQ SHARE; 13/04/2018 – WYNDHAM WORLDWIDE CORP – TERM LOAN FACILITY IS EXPECTED TO CLOSE IN CONJUNCTION WITH CLOSING OF LA QUINTA DEAL; 15/05/2018 – Scopus Asset Management LLC Exits Position in La Quinta; 19/04/2018 – DJ La Quinta Holdings Inc, Inst Holders, 1Q 2018 (LQ); 08/05/2018 – La Quinta Holdings 1Q Adj Loss/Shr 5c

Another recent and important La Quinta Holdings Inc. (NYSE:LQ) news was published by Seekingalpha.com which published an article titled: “CorePoint Lodging, spinoff from La Quinta, starts trading today” on May 31, 2018.

Among 11 analysts covering La Quinta Holdings (NYSE:LQ), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. La Quinta Holdings had 40 analyst reports since August 20, 2015 according to SRatingsIntel. The stock has “Hold” rating by Goldman Sachs on Friday, January 19. On Tuesday, January 26 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was downgraded on Thursday, October 29 by Credit Suisse. Zacks upgraded the shares of LQ in report on Tuesday, September 22 to “Hold” rating. The firm earned “Buy” rating on Wednesday, January 17 by Morgan Stanley. As per Tuesday, November 1, the company rating was upgraded by Wells Fargo. The firm earned “Equal-Weight” rating on Thursday, March 17 by Morgan Stanley. The rating was maintained by Credit Suisse with “Neutral” on Thursday, February 25. Wells Fargo downgraded the stock to “Underperform” rating in Tuesday, June 14 report. The company was maintained on Friday, September 18 by Stifel Nicolaus.

More news for Cubic Corporation (NYSE:CUB) were recently published by: Prnewswire.com, which released: “Cubic Concludes Analyst and Investor Day with Ringing of the NYSE Closing Bell” on June 13, 2018. Prnewswire.com‘s article titled: “Cubic Executive Joins UK Prime Minister Theresa May at Roundtable Discussion on Future of Technology Investment” and published on June 14, 2018 is yet another important article.

First Pacific Advisors Llc, which manages about $28.26 billion and $13.13 billion US Long portfolio, upped its stake in Interdigital Inc (NASDAQ:IDCC) by 52,596 shares to 613,898 shares, valued at $45.18 million in 2018Q1, according to the filing. It also increased its holding in Sm Energy Company (NYSE:SM) by 606,013 shares in the quarter, for a total of 2.40M shares, and has risen its stake in Honeywell Intl Inc (NYSE:HON).

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.23, from 1.13 in 2017Q4. It worsened, as 11 investors sold CUB shares while 59 reduced holdings. 17 funds opened positions while 46 raised stakes. 24.33 million shares or 2.82% more from 23.66 million shares in 2017Q4 were reported. Sterling Cap Mgmt Ltd Liability Co reported 32,450 shares or 0.02% of all its holdings. Ls Advsrs Limited reported 758 shares stake. Thrivent For Lutherans holds 0% of its portfolio in Cubic Corporation (NYSE:CUB) for 16,855 shares. Smithfield Tru has invested 0% in Cubic Corporation (NYSE:CUB). Lpl Financial Lc owns 4,904 shares or 0% of their US portfolio. Ameritas Invest Prtn Inc reported 0.01% of its portfolio in Cubic Corporation (NYSE:CUB). Royal Bank & Trust Of Canada holds 10,317 shares or 0% of its portfolio. Chesley Taft & Associate Ltd Liability Company accumulated 0.02% or 4,285 shares. Rafferty Asset Mngmt Ltd Company holds 10,984 shares. Sei Invs has 0% invested in Cubic Corporation (NYSE:CUB) for 94 shares. Us Commercial Bank De stated it has 0% of its portfolio in Cubic Corporation (NYSE:CUB). Pier Cap Llc stated it has 0.57% of its portfolio in Cubic Corporation (NYSE:CUB). Horizon Kinetics Ltd Liability stated it has 12,852 shares or 0.02% of all its holdings. Manufacturers Life Com The accumulated 18,801 shares. Moreover, First Mercantile Tru Communication has 0.08% invested in Cubic Corporation (NYSE:CUB).

Among 10 analysts covering Cubic Corporation (NYSE:CUB), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Cubic Corporation had 26 analyst reports since September 17, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Friday, October 27 with “Buy”. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, September 17. The stock of Cubic Corporation (NYSE:CUB) earned “Buy” rating by Needham on Friday, March 24. Canaccord Genuity maintained Cubic Corporation (NYSE:CUB) rating on Monday, September 25. Canaccord Genuity has “Buy” rating and $55.0 target. Needham maintained it with “Buy” rating and $56.0 target in Wednesday, September 27 report. The rating was maintained by Needham on Friday, October 14 with “Buy”. The rating was initiated by Canaccord Genuity with “Buy” on Wednesday, June 8. Needham maintained Cubic Corporation (NYSE:CUB) rating on Friday, February 10. Needham has “Buy” rating and $55.0 target. Canaccord Genuity maintained it with “Buy” rating and $50 target in Friday, August 4 report. The stock of Cubic Corporation (NYSE:CUB) earned “Buy” rating by Canaccord Genuity on Thursday, April 19.

Analysts await Cubic Corporation (NYSE:CUB) to report earnings on August, 2. They expect $0.30 EPS, up 137.04% or $1.11 from last year’s $-0.81 per share. CUB’s profit will be $8.17 million for 55.83 P/E if the $0.30 EPS becomes a reality. After $-0.12 actual EPS reported by Cubic Corporation for the previous quarter, Wall Street now forecasts -350.00% EPS growth.

Cubic Corporation (NYSE:CUB) Institutional Positions Chart

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