CorePoint Lodging Inc. (NYSE:CPLG) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in CorePoint Lodging Inc. (NYSE:CPLG) by 44.4% in the second quarter, Holdings Channel reports. The firm owned 94,045 shares of the company’s stock after selling 75,232 shares during the period. Prudential Financial Inc.’s holdings in CorePoint Lodging were worth $1,006,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CPLG. Contrarian Capital Management L.L.C. acquired a new stake in shares of CorePoint Lodging in the 2nd quarter worth $7,310,000. Madison Avenue Partners LP acquired a new stake in CorePoint Lodging during the 2nd quarter worth about $1,694,000. Vanguard Group Inc. lifted its position in CorePoint Lodging by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,549,767 shares of the company’s stock worth $48,683,000 after acquiring an additional 117,844 shares during the period. BlackRock Inc. lifted its position in CorePoint Lodging by 2.4% during the 2nd quarter. BlackRock Inc. now owns 4,801,802 shares of the company’s stock worth $51,380,000 after acquiring an additional 111,194 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in CorePoint Lodging during the 2nd quarter worth about $1,047,000. 84.12% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. TheStreet raised CorePoint Lodging from a “d+” rating to a “c” rating in a research report on Thursday, August 26th. Zacks Investment Research cut CorePoint Lodging from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 11th.

NYSE CPLG opened at $15.53 on Thursday. The company’s 50-day moving average is $15.54. The stock has a market cap of $907.65 million, a price-to-earnings ratio of -29.86 and a beta of 1.88. CorePoint Lodging Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $18.15.

CorePoint Lodging (NYSE:CPLG) last released its quarterly earnings data on Sunday, November 7th. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.54. CorePoint Lodging had a negative return on equity of 3.27% and a negative net margin of 6.05%. Equities research analysts forecast that CorePoint Lodging Inc. will post 1.06 earnings per share for the current year.

CorePoint Lodging Company Profile

CorePoint Lodging, Inc operates as a real estate investment trust. The firm engages in the ownership and operation of midscale and upper-midscale select service hotels. Its portfolio includes hotels located near employment centers, airports and major travel thoroughfares. The company was founded on May 8, 2017 and is headquartered in Irving, TX.

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

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