Principal Financial Group Inc. lifted its stake in China Lodging Group, Limited (NASDAQ:HTHT) by 894.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 202,432 shares of the company’s stock after acquiring an additional 182,077 shares during the quarter. Principal Financial Group Inc. owned 0.29% of China Lodging Group worth $24,053,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Advisor Group Inc. raised its holdings in shares of China Lodging Group by 216.6% in the 2nd quarter. Advisor Group Inc. now owns 1,298 shares of the company’s stock valued at $101,000 after purchasing an additional 888 shares in the last quarter. Evanston Investments Inc. dba Evanston Advisors purchased a new position in shares of China Lodging Group in the 2nd quarter valued at $218,000. Reliance Trust Co. of Delaware purchased a new position in shares of China Lodging Group in the 3rd quarter valued at $225,000. Profund Advisors LLC purchased a new position in China Lodging Group during the 2nd quarter worth $257,000. Finally, GSA Capital Partners LLP purchased a new position in China Lodging Group during the 2nd quarter worth $355,000. Hedge funds and other institutional investors own 37.18% of the company’s stock.
Several brokerages have recently weighed in on HTHT. BidaskClub raised shares of China Lodging Group from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut shares of China Lodging Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Bank of America raised their price objective on shares of China Lodging Group from $104.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, Benchmark lifted their target price on shares of China Lodging Group from $128.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $99.00.
China Lodging Group, Limited (HTHT) traded up $4.69 on Thursday, reaching $119.03. 813,730 shares of the company’s stock traded hands, compared to its average volume of 294,772. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.57. China Lodging Group, Limited has a 12 month low of $45.61 and a 12 month high of $142.80. The stock has a market capitalization of $7,657.06, a P/E ratio of 47.52 and a beta of 1.53.
China Lodging Group (NASDAQ:HTHT) last posted its earnings results on Tuesday, November 28th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.01. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. China Lodging Group had a net margin of 14.95% and a return on equity of 19.55%. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.28 earnings per share. equities research analysts anticipate that China Lodging Group, Limited will post 3.19 EPS for the current year.
The business also recently declared a special dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 4th will be issued a $0.64 dividend. The ex-dividend date is Friday, December 1st.
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About China Lodging Group
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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