Advisors Asset Management Inc. raised its stake in China Lodging Group Ltd. (NASDAQ:HTHT) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,541 shares of the company’s stock after buying an additional 199 shares during the period. Advisors Asset Management Inc.’s holdings in China Lodging Group were worth $275,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP purchased a new stake in shares of China Lodging Group during the second quarter valued at approximately $1,266,000. Granite Point Capital Management L.P. purchased a new stake in shares of China Lodging Group during the second quarter valued at approximately $600,000. Emerald Acquisition Ltd. purchased a new stake in shares of China Lodging Group during the second quarter valued at approximately $5,245,000. Quantbot Technologies LP purchased a new stake in shares of China Lodging Group during the second quarter valued at approximately $107,000. Finally, Bank of New York Mellon Corp raised its stake in shares of China Lodging Group by 1,550.0% in the second quarter. Bank of New York Mellon Corp now owns 203,213 shares of the company’s stock valued at $7,402,000 after buying an additional 190,897 shares during the last quarter. Hedge funds and other institutional investors own 37.58% of the company’s stock.
Shares of China Lodging Group Ltd. (NASDAQ:HTHT) traded down 2.44% during trading on Friday, hitting $45.09. The stock had a trading volume of 206,791 shares. The firm has a 50 day moving average price of $44.74 and a 200 day moving average price of $38.24. China Lodging Group Ltd. has a 12-month low of $24.55 and a 12-month high of $47.72. The firm has a market cap of $3.12 billion, a P/E ratio of 29.84 and a beta of 1.43.
China Lodging Group (NASDAQ:HTHT) last issued its earnings results on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.30. The company earned $254.40 million during the quarter, compared to analyst estimates of $248.76 million. China Lodging Group had a return on equity of 16.36% and a net margin of 10.76%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. On average, equities analysts expect that China Lodging Group Ltd. will post $1.55 earnings per share for the current fiscal year.
Several brokerages recently commented on HTHT. Zacks Investment Research raised China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a report on Tuesday, September 20th. Brean Capital boosted their price target on China Lodging Group from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Morgan Stanley lowered China Lodging Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $36.20 to $40.00 in a report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $39.00 price target on shares of China Lodging Group in a report on Thursday, June 9th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $39.19.
About China Lodging Group
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
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