CorePoint Lodging Sees Unusually High Options Volume (NYSE:CPLG)

This post was originally published on this site

CorePoint Lodging Inc. (NYSE:CPLG) was the target of some unusual options trading activity on Wednesday. Investors bought 13,097 call options on the stock. This represents an increase of 620% compared to the typical volume of 1,819 call options.

NYSE CPLG opened at $15.67 on Friday. The firm’s fifty day moving average price is $15.75 and its two-hundred day moving average price is $13.94. The stock has a market cap of $915.83 million, a PE ratio of -30.13 and a beta of 1.90. CorePoint Lodging has a fifty-two week low of $6.34 and a fifty-two week high of $18.15.

CorePoint Lodging (NYSE:CPLG) last posted its earnings results on Sunday, November 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.54. CorePoint Lodging had a negative net margin of 6.05% and a negative return on equity of 3.27%. As a group, analysts expect that CorePoint Lodging will post 1.06 EPS for the current year.

CPLG has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of CorePoint Lodging from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 11th. TheStreet upgraded shares of CorePoint Lodging from a “d+” rating to a “c” rating in a research report on Thursday, August 26th.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of CorePoint Lodging by 2.4% during the second quarter. BlackRock Inc. now owns 4,801,802 shares of the company’s stock worth $51,380,000 after buying an additional 111,194 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CorePoint Lodging by 2.7% during the second quarter. Vanguard Group Inc. now owns 4,549,767 shares of the company’s stock worth $48,683,000 after buying an additional 117,844 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CorePoint Lodging by 3.1% during the second quarter. Geode Capital Management LLC now owns 884,188 shares of the company’s stock worth $9,460,000 after buying an additional 26,723 shares during the last quarter. State Street Corp grew its stake in shares of CorePoint Lodging by 4.2% during the second quarter. State Street Corp now owns 838,980 shares of the company’s stock worth $8,977,000 after buying an additional 33,749 shares during the last quarter. Finally, Contrarian Capital Management L.L.C. bought a new stake in shares of CorePoint Lodging in the second quarter worth $7,310,000. 84.12% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: NASDAQ Stock Market Explained

Want More Great Investing Ideas?