Highbridge Capital Management LLC Invests $3.07 Million in Huazhu Group Ltd (HTHT)

Highbridge Capital Management LLC purchased a new position in Huazhu Group Ltd (NASDAQ:HTHT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 95,000 shares of the company’s stock, valued at approximately $3,069,000.

Several other large investors also recently modified their holdings of HTHT. State of New Jersey Common Pension Fund D bought a new stake in Huazhu Group during the 2nd quarter valued at approximately $1,533,000. Aperio Group LLC boosted its position in Huazhu Group by 332.3% during the 2nd quarter. Aperio Group LLC now owns 33,252 shares of the company’s stock valued at $1,396,000 after acquiring an additional 25,560 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Huazhu Group in the 2nd quarter worth approximately $225,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Huazhu Group by 665.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 741,018 shares of the company’s stock worth $31,115,000 after purchasing an additional 644,183 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Huazhu Group by 300.5% in the 2nd quarter. Comerica Bank now owns 48,917 shares of the company’s stock worth $1,982,000 after purchasing an additional 36,703 shares in the last quarter. Institutional investors and hedge funds own 43.29% of the company’s stock.

A number of brokerages have recently commented on HTHT. BidaskClub raised Huazhu Group from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised Huazhu Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research raised Huazhu Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, November 21st. JPMorgan Chase & Co. dropped their price target on Huazhu Group from $53.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 24th. Finally, Goldman Sachs Group raised Huazhu Group from a “neutral” rating to a “buy” rating in a research report on Monday, September 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.75.

Shares of HTHT opened at $31.45 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.33 and a debt-to-equity ratio of 1.17. Huazhu Group Ltd has a 52 week low of $24.90 and a 52 week high of $49.60. The company has a market capitalization of $9.59 billion, a PE ratio of 48.38 and a beta of 1.73.

Huazhu Group (NASDAQ:HTHT) last issued its quarterly earnings results on Thursday, November 15th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Huazhu Group had a return on equity of 24.86% and a net margin of 14.00%. The company had revenue of $402.97 million during the quarter. As a group, analysts forecast that Huazhu Group Ltd will post 0.7 earnings per share for the current fiscal year.

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Huazhu Group Company Profile

Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.

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Institutional Ownership by Quarter for Huazhu Group (NASDAQ:HTHT)

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