China Lodging Group (NASDAQ:HTHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday, January 20th.
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. “
Several other brokerages also recently weighed in on HTHT. BidaskClub upgraded China Lodging Group from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Benchmark raised their price objective on 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 analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $105.60.
China Lodging Group (NASDAQ:HTHT) traded up $7.03 during trading hours on Friday, reaching $145.85. The company had a trading volume of 350,801 shares, compared to its average volume of 611,244. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.57. China Lodging Group has a 52-week low of $53.12 and a 52-week high of $166.19. The firm has a market capitalization of $10,150.00, a price-to-earnings ratio of 58.57 and a beta of 1.47.
China Lodging Group (NASDAQ:HTHT) last issued its earnings results on Tuesday, November 28th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. China Lodging Group had a return on equity of 19.55% and a net margin of 14.95%. The business’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.28 EPS. sell-side analysts anticipate that China Lodging Group will post 3.32 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in HTHT. Principal Financial Group Inc. increased its stake in shares of China Lodging Group by 65.7% in the 2nd quarter. Principal Financial Group Inc. now owns 20,355 shares of the company’s stock valued at $1,642,000 after buying an additional 8,072 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of China Lodging Group in the 2nd quarter valued at $5,412,000. Wells Fargo & Company MN increased its stake in shares of China Lodging Group by 12.1% in the 2nd quarter. Wells Fargo & Company MN now owns 309,911 shares of the company’s stock valued at $25,002,000 after buying an additional 33,511 shares during the period. Alliancebernstein L.P. increased its stake in shares of China Lodging Group by 754.5% in the 2nd quarter. Alliancebernstein L.P. now owns 151,799 shares of the company’s stock valued at $12,247,000 after buying an additional 134,034 shares during the period. Finally, Nationwide Fund Advisors boosted its position in shares of China Lodging Group by 3.0% in the 2nd quarter. Nationwide Fund Advisors now owns 34,130 shares of the company’s stock worth $2,754,000 after purchasing an additional 1,010 shares during the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.
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China Lodging Group 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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