Quantitative Systematic Strategies LLC Purchases 7,797 Shares of CorePoint Lodging Inc (NYSE:CPLG)

Quantitative Systematic Strategies LLC increased its position in CorePoint Lodging Inc (NYSE:CPLG) by 49.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,411 shares of the company’s stock after acquiring an additional 7,797 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in CorePoint Lodging were worth $290,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in CorePoint Lodging by 43.3% in the fourth quarter. FMR LLC now owns 8,887,452 shares of the company’s stock valued at $108,872,000 after buying an additional 2,684,291 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of CorePoint Lodging by 352.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,037 shares of the company’s stock worth $160,000 after purchasing an additional 10,158 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CorePoint Lodging by 41.4% during the fourth quarter. Geode Capital Management LLC now owns 548,573 shares of the company’s stock worth $6,719,000 after purchasing an additional 160,661 shares in the last quarter. Boston Partners acquired a new position in shares of CorePoint Lodging during the first quarter worth approximately $3,043,000. Finally, Norges Bank acquired a new position in shares of CorePoint Lodging during the fourth quarter worth approximately $4,201,000. Institutional investors own 93.14% of the company’s stock.

Shares of CPLG traded down $0.10 on Friday, reaching $10.92. 584 shares of the company’s stock were exchanged, compared to its average volume of 341,947. The stock has a market cap of $640.28 million, a PE ratio of 5.31 and a beta of 0.84. The stock’s 50 day simple moving average is $12.20. CorePoint Lodging Inc has a 12 month low of $10.16 and a 12 month high of $25.51.

CorePoint Lodging (NYSE:CPLG) last issued its earnings results on Tuesday, May 14th. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). The firm had revenue of $208.00 million during the quarter, compared to the consensus estimate of $202.35 million. CorePoint Lodging had a negative net margin of 31.35% and a negative return on equity of 7.22%. On average, equities research analysts expect that CorePoint Lodging Inc will post 1.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date of this dividend was Thursday, June 27th. CorePoint Lodging’s dividend payout ratio is 38.83%.

A number of equities analysts have recently issued reports on CPLG shares. JPMorgan Chase & Co. lowered shares of CorePoint Lodging from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $13.00 to $11.00 in a research report on Tuesday, July 9th. Zacks Investment Research upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, ValuEngine upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

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.

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Institutional Ownership by Quarter for CorePoint Lodging (NYSE:CPLG)

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