China Lodging Group, Limited (NASDAQ:HTHT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, October 17th.
According to Zacks, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China. “
HTHT has been the topic of several other research reports. Bank of America Corporation raised their price target on China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 18th. BidaskClub raised China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $81.71.
Shares of China Lodging Group, Limited (NASDAQ HTHT) traded up 0.24% during midday trading on Tuesday, reaching $130.49. 341,794 shares of the company traded hands. China Lodging Group, Limited has a 1-year low of $41.69 and a 1-year high of $142.80. The stock has a 50 day moving average price of $123.74 and a 200 day moving average price of $94.95. The firm has a market capitalization of $9.10 billion, a PE ratio of 63.81 and a beta of 1.61.
China Lodging Group, Limited (NASDAQ:HTHT) last released its earnings results on Thursday, August 17th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.20. China Lodging Group, Limited had a return on equity of 17.26% and a net margin of 13.69%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $4.67 EPS. China Lodging Group, Limited’s quarterly revenue was up 20.1% compared to the same quarter last year. Analysts expect that China Lodging Group, Limited will post $2.83 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in shares of China Lodging Group, Limited by 7.2% in the 1st quarter. Renaissance Technologies LLC now owns 764,791 shares of the company’s stock worth $47,455,000 after acquiring an additional 51,091 shares during the last quarter. FMR LLC grew its holdings in shares of China Lodging Group, Limited by 12.3% in the 1st quarter. FMR LLC now owns 745,500 shares of the company’s stock worth $46,258,000 after acquiring an additional 81,900 shares during the last quarter. Ariose Capital Management Ltd acquired a new position in shares of China Lodging Group, Limited in the 2nd quarter worth $58,485,000. Macquarie Group Ltd. boosted its position in shares of China Lodging Group, Limited by 25.3% in the first quarter. Macquarie Group Ltd. now owns 514,937 shares of the company’s stock worth $31,952,000 after buying an additional 104,037 shares during the period. Finally, Pictet Asset Management Ltd. boosted its position in shares of China Lodging Group, Limited by 34.7% in the second quarter. Pictet Asset Management Ltd. now owns 509,009 shares of the company’s stock worth $38,889,000 after buying an additional 131,188 shares during the period. Institutional investors and hedge funds own 37.63% of the company’s stock.
China Lodging Group, Limited Company Profile
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
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