Dalton Investments LLC grew its position in GreenTree Hospitality Group Ltd – (NYSE:GHG) by 33.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,901 shares of the company’s stock after acquiring an additional 208,978 shares during the period. GreenTree Hospitality Group comprises 4.9% of Dalton Investments LLC’s portfolio, making the stock its 7th largest holding. Dalton Investments LLC owned 0.81% of GreenTree Hospitality Group worth $10,737,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of GHG. Advisors Preferred LLC purchased a new stake in shares of GreenTree Hospitality Group in the second quarter valued at about $25,000. TT International purchased a new stake in GreenTree Hospitality Group during the second quarter worth about $147,000. Marshall Wace North America L.P. boosted its holdings in GreenTree Hospitality Group by 747.2% during the first quarter. Marshall Wace North America L.P. now owns 11,784 shares of the company’s stock worth $163,000 after buying an additional 10,393 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in GreenTree Hospitality Group by 52.8% during the second quarter. JPMorgan Chase & Co. now owns 21,245 shares of the company’s stock worth $272,000 after buying an additional 7,345 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in GreenTree Hospitality Group during the first quarter worth about $739,000. 8.94% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the stock. Goldman Sachs Group raised shares of GreenTree Hospitality Group from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $16.40 to $14.50 in a report on Friday. Zacks Investment Research downgraded shares of GreenTree Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st.
GHG stock opened at $11.25 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.77 and a beta of 1.59. GreenTree Hospitality Group Ltd – has a 52 week low of $9.50 and a 52 week high of $15.99. The company’s 50-day moving average price is $10.90 and its 200 day moving average price is $12.57.
GreenTree Hospitality Group (NYSE:GHG) last released its quarterly earnings data on Friday, August 16th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $40.05 million for the quarter. GreenTree Hospitality Group had a return on equity of 24.60% and a net margin of 46.29%. As a group, analysts predict that GreenTree Hospitality Group Ltd – will post 0.79 earnings per share for the current year.
About GreenTree Hospitality Group
GreenTree Hospitality Group Ltd., through its subsidiaries, owns, operates, leases, franchises, and manages hotels in the People's Republic of China. The company operates hotels under the various brands, including GreenTree Eastern, as well as Gme, Gya, and VX; GreenTree Inns and GreenTree Alliance; and Vatica and Shell.
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