Great West Life Assurance Co. Can lifted its holdings in shares of Huazhu Group Limited (NASDAQ:HTHT) by 15.8% in the third quarter, Holdings Channel.com reports. The fund owned 114,800 shares of the company’s stock after purchasing an additional 15,700 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Huazhu Group were worth $4,961,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. AXA S.A. bought a new position in shares of Huazhu Group during the 3rd quarter worth about $33,000. Stifel Financial Corp bought a new position in shares of Huazhu Group during the 2nd quarter worth about $202,000. Todd Asset Management LLC bought a new position in shares of Huazhu Group during the 3rd quarter worth about $214,000. Wetherby Asset Management Inc. bought a new position in shares of Huazhu Group during the 3rd quarter worth about $231,000. Finally, Guggenheim Capital LLC bought a new position in shares of Huazhu Group during the 3rd quarter worth about $252,000. 43.06% of the stock is owned by institutional investors.
HTHT opened at $45.03 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $13.22 billion, a PE ratio of -39.85 and a beta of 1.78. Huazhu Group Limited has a 1-year low of $25.01 and a 1-year high of $53.66. The firm has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $41.84.
Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings data on Thursday, December 3rd. The company reported ($0.75) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.71). Huazhu Group had a negative net margin of 22.08% and a negative return on equity of 32.15%. On average, research analysts predict that Huazhu Group Limited will post -0.98 EPS for the current year.
HTHT has been the subject of a number of analyst reports. ValuEngine raised shares of Huazhu Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 22nd. Benchmark lifted their price target on shares of Huazhu Group from $45.00 to $76.00 and gave the company a “buy” rating in a report on Monday, December 7th. Credit Suisse Group reissued a “neutral” rating and set a $49.00 price target on shares of Huazhu Group in a report on Tuesday, December 8th. BidaskClub downgraded shares of Huazhu Group from a “hold” rating to a “sell” rating in a report on Monday, December 28th. Finally, Zacks Investment Research downgraded shares of Huazhu Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.94.
About Huazhu Group
Huazhu 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 its own brands, such as Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, and Blossom Hill Hotels & Resorts.
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