First Allied Advisory Services Inc. acquired a new position in China Lodging Group, Ltd (NASDAQ:HTHT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,476 shares of the company’s stock, valued at approximately $211,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new position in shares of China Lodging Group in the third quarter worth about $115,000. Claraphi Advisory Network LLC bought a new position in shares of China Lodging Group in the fourth quarter worth about $261,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of China Lodging Group in the third quarter worth about $219,000. Advisor Group Inc. raised its stake in shares of China Lodging Group by 59.0% in the third quarter. Advisor Group Inc. now owns 2,064 shares of the company’s stock worth $246,000 after buying an additional 766 shares during the period. Finally, Bfsg LLC bought a new position in shares of China Lodging Group in the fourth quarter worth about $346,000. 36.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of China Lodging Group, Ltd (NASDAQ:HTHT) opened at $151.18 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.40 and a current ratio of 1.41. China Lodging Group, Ltd has a 1 year low of $55.02 and a 1 year high of $166.19. The stock has a market capitalization of $10,658.48, a PE ratio of 66.15 and a beta of 1.48.
Several research firms have recently commented on HTHT. BidaskClub raised China Lodging Group from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Benchmark raised their price objective on China Lodging Group from $128.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, Zacks Investment Research downgraded China Lodging Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $105.60.
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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