Ellington Management Group LLC purchased a new stake in shares of Huazhu Hotels Group (NASDAQ:HTHT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $361,000.
Several other hedge funds have also recently added to or reduced their stakes in HTHT. Elephas Investment Management Ltd acquired a new position in shares of Huazhu Hotels Group during the fourth quarter valued at about $35,872,000. Nomura Asset Management Co. Ltd. acquired a new position in Huazhu Hotels Group in the 4th quarter worth approximately $31,501,000. Principal Financial Group Inc. increased its holdings in Huazhu Hotels Group by 894.5% in the 3rd quarter. Principal Financial Group Inc. now owns 202,432 shares of the company’s stock worth $24,053,000 after buying an additional 182,077 shares during the period. Macquarie Group Ltd. increased its holdings in Huazhu Hotels Group by 51.2% in the 3rd quarter. Macquarie Group Ltd. now owns 535,157 shares of the company’s stock worth $63,588,000 after buying an additional 181,279 shares during the period. Finally, BRILLIANCE ASSET MANAGEMENT Ltd acquired a new position in Huazhu Hotels Group in the 4th quarter worth approximately $23,245,000. 38.11% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:HTHT traded down $2.59 during midday trading on Friday, reaching $129.74. 403,229 shares of the company’s stock were exchanged, compared to its average volume of 728,362. 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 $8,972.43, a price-to-earnings ratio of 50.68 and a beta of 1.62. Huazhu Hotels Group has a fifty-two week low of $57.89 and a fifty-two week high of $166.19.
Several research firms have commented on HTHT. T.H. Capital set a $175.00 price objective on Huazhu Hotels Group and gave the stock a “buy” rating in a research report on Monday, March 12th. BidaskClub upgraded Huazhu Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research lowered Huazhu Hotels Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $117.17.
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Huazhu Hotels Group Company Profile
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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