HBK Investments L P lowered its holdings in Huazhu Hotels Group (NASDAQ:HTHT) by 60.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,377 shares of the company’s stock after selling 47,441 shares during the period. HBK Investments L P’s holdings in Huazhu Hotels Group were worth $4,532,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HTHT. Elephas Investment Management Ltd acquired a new stake in shares of Huazhu Hotels Group in the fourth quarter worth $35,872,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Huazhu Hotels Group in the fourth quarter worth $31,501,000. Principal Financial Group Inc. increased its position in shares of Huazhu Hotels Group by 894.5% in the third quarter. Principal Financial Group Inc. now owns 202,432 shares of the company’s stock worth $24,053,000 after acquiring an additional 182,077 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Huazhu Hotels Group by 51.2% in the third quarter. Macquarie Group Ltd. now owns 535,157 shares of the company’s stock worth $63,588,000 after acquiring an additional 181,279 shares in the last quarter. Finally, BRILLIANCE ASSET MANAGEMENT Ltd acquired a new stake in shares of Huazhu Hotels Group in the fourth quarter worth $23,245,000. 38.11% of the stock is owned by institutional investors.
Shares of HTHT stock traded down $2.59 on Friday, hitting $129.74. The stock had a trading volume of 403,229 shares, compared to its average volume of 728,362. Huazhu Hotels Group has a 52-week low of $57.89 and a 52-week high of $166.19. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $9,151.55, a PE ratio of 49.90 and a beta of 1.62.
HTHT has been the subject of several analyst reports. BidaskClub upgraded shares of Huazhu Hotels Group from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. T.H. Capital set a $175.00 target price on shares of Huazhu Hotels Group and gave the company a “buy” rating in a research note on Monday, March 12th. Finally, Zacks Investment Research downgraded shares of Huazhu Hotels Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $117.17.
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About Huazhu Hotels Group
China Lodging Group, Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. It operates hotels under the Joya Hotel, Manxin Hotels & Resorts, JI Hotel, Starway Hotel, Elan Hotel, HanTing Hotel, Hi Inn, Grand Mercure Hotel, Novotel Hotel, Mercure Hotel, Ibis Styles Hotel, and Ibis Hotel brand names for business and leisure traveler customers.
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