CorePoint Lodging Inc (NYSE:CPLG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $15.01 and last traded at $14.93, with a volume of 11624 shares changing hands. The stock had previously closed at $15.16.
Separately, JPMorgan Chase & Co. assumed coverage on shares of CorePoint Lodging in a research report on Monday, October 15th. They set an “underweight” rating and a $16.00 target price for the company.
CorePoint Lodging (NYSE:CPLG) last issued its earnings results on Tuesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). The business had revenue of $234.00 million for the quarter, compared to analysts’ expectations of $234.85 million. As a group, analysts anticipate that CorePoint Lodging Inc will post -1.54 EPS for the current year.
Several institutional investors have recently made changes to their positions in CPLG. FMR LLC lifted its holdings in shares of CorePoint Lodging by 196.0% in the third quarter. FMR LLC now owns 6,203,161 shares of the company’s stock worth $120,652,000 after buying an additional 4,107,236 shares in the last quarter. Northern Trust Corp purchased a new stake in CorePoint Lodging in the second quarter valued at approximately $15,374,000. JPMorgan Chase & Co. raised its stake in CorePoint Lodging by 23.0% in the third quarter. JPMorgan Chase & Co. now owns 2,635,424 shares of the company’s stock valued at $51,259,000 after purchasing an additional 492,981 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in CorePoint Lodging by 14,871.1% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 356,462 shares of the company’s stock valued at $6,933,000 after purchasing an additional 354,081 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in CorePoint Lodging by 297.3% in the third quarter. Wells Fargo & Company MN now owns 268,216 shares of the company’s stock valued at $5,216,000 after purchasing an additional 200,708 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
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CorePoint Lodging Company Profile (NYSE:CPLG)
CorePoint Lodging Inc, a real estate investment trust company, focuses on midscale and upper-midscale lodging business. As of May 31, 2018, it had a portfolio of 316 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is headquartered in Irving, Texas.
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