Intercontinental Exchang (ICE) Shares Rose While Howe & Rusling Has Lifted Its Stake; La Quinta Hldgs (LQ) Holder Moab Capital Partners Increased Stake by $4.98 Million as Stock Value Rose

April 24, 2018 - By Henry Gaston

La Quinta Holdings Inc. (NYSE:LQ) Logo

Howe & Rusling Inc increased its stake in Intercontinental Exchang (ICE) by 9.41% based on its latest 2017Q4 regulatory filing with the SEC. Howe & Rusling Inc bought 4,934 shares as the company’s stock rose 2.21% while stock markets declined. The institutional investor held 57,344 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $4.05M, up from 52,410 at the end of the previous reported quarter. Howe & Rusling Inc who had been investing in Intercontinental Exchang for a number of months, seems to be bullish on the $42.95 billion market cap company. The stock decreased 0.61% or $0.45 during the last trading session, reaching $73.92. About 1.49 million shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 20.88% since April 24, 2017 and is uptrending. It has outperformed by 9.33% the S&P500.

Michael M. Rothenberg increased its stake in La Quinta Hldgs Inc (LQ) by 112.3% based on its latest 2017Q4 regulatory filing with the SEC. Moab Capital Partners Llc bought 276,662 shares as the company’s stock rose 2.08% while stock markets declined. The hedge fund run by Michael M. Rothenberg held 523,024 shares of the hotels and resorts company at the end of 2017Q4, valued at $9.66 million, up from 246,362 at the end of the previous reported quarter. Moab Capital Partners Llc who had been investing in La Quinta Hldgs Inc for a number of months, seems to be bullish on the $2.30B market cap company. The stock increased 0.41% or $0.08 during the last trading session, reaching $19.56. About 547,622 shares traded. La Quinta Holdings Inc. (NYSE:LQ) has risen 42.28% since April 24, 2017 and is uptrending. It has outperformed by 30.73% the S&P500.

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 38 analyst reports since August 20, 2015 according to SRatingsIntel. As per Thursday, July 20, the company rating was maintained by Stifel Nicolaus. Morgan Stanley upgraded the shares of LQ in report on Wednesday, January 17 to “Buy” rating. The firm has “Neutral” rating given on Thursday, December 15 by Bank of America. The firm earned “Hold” rating on Monday, August 14 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, February 1. Deutsche Bank maintained La Quinta Holdings Inc. (NYSE:LQ) on Thursday, October 29 with “Buy” rating. As per Monday, October 23, the company rating was maintained by Stifel Nicolaus. The firm earned “Hold” rating on Friday, January 19 by Goldman Sachs. The firm earned “Overweight” rating on Thursday, June 15 by Morgan Stanley. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, November 16 report.

Howe & Rusling Inc, which manages about $798.49 million and $550.11M US Long portfolio, decreased its stake in Spdr Series Trust (KRE) by 35,435 shares to 2,320 shares, valued at $137,000 in 2017Q4, according to the filing. It also reduced its holding in S&P Global Inc by 13,263 shares in the quarter, leaving it with 50,591 shares, and cut its stake in Unilever Plc (NYSE:UL).

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Positions Chart

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