Huazhu Group (NASDAQ:HTHT) posted its quarterly earnings data on Thursday. The company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.02), Morningstar.com reports. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.60 billion. Huazhu Group had a return on equity of 24.86% and a net margin of 14.00%. During the same period in the previous year, the business posted $3.55 EPS.
Shares of NASDAQ HTHT traded up $2.60 during mid-day trading on Friday, hitting $38.72. 226,502 shares of the stock were exchanged, compared to its average volume of 1,254,420. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 59.12 and a beta of 1.56. 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 has a twelve month low of $24.90 and a twelve month high of $49.60.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its holdings in shares of Huazhu Group by 533.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $28,000 after purchasing an additional 822 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of Huazhu Group by 50.2% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,538 shares of the company’s stock valued at $44,000 after purchasing an additional 514 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Huazhu Group in the fourth quarter valued at approximately $63,000. IFP Advisors Inc increased its holdings in shares of Huazhu Group by 10.9% in the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the company’s stock valued at $100,000 after purchasing an additional 324 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Huazhu Group in the fourth quarter valued at approximately $103,000. 43.67% of the stock is owned by institutional investors.
HTHT has been the subject of several recent analyst reports. BidaskClub raised shares of Huazhu Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 15th. Zacks Investment Research raised shares of Huazhu Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, November 21st. ValuEngine raised shares of Huazhu Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Citigroup initiated coverage on shares of Huazhu Group in a report on Tuesday, December 11th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Deutsche Bank lowered shares of Huazhu Group from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $23.00 to $20.00 in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $42.50.
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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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