Huazhu Group (NASDAQ:HTHT) released its quarterly earnings results on Thursday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.02), Morningstar.com reports. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Huazhu Group had a return on equity of 24.86% and a net margin of 14.00%. During the same quarter last year, the business earned $3.55 earnings per share.
Shares of HTHT stock traded up $2.60 during trading hours on Friday, hitting $38.72. The stock had a trading volume of 216,243 shares, compared to its average volume of 1,254,420. Huazhu Group has a one year low of $24.90 and a one year high of $49.60. The company has a current ratio of 1.34, a quick ratio of 1.33 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 59.80 and a beta of 1.56.
Several hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. increased its holdings in shares of Huazhu Group by 14.2% in the third quarter. OppenheimerFunds Inc. now owns 27,674,669 shares of the company’s stock worth $893,892,000 after purchasing an additional 3,436,062 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in shares of Huazhu Group in the third quarter worth about $508,435,000. Schroder Investment Management Group increased its holdings in shares of Huazhu Group by 8.0% in the third quarter. Schroder Investment Management Group now owns 12,251,948 shares of the company’s stock worth $395,737,000 after purchasing an additional 902,725 shares during the last quarter. Morgan Stanley increased its holdings in shares of Huazhu Group by 3.0% in the third quarter. Morgan Stanley now owns 10,813,022 shares of the company’s stock worth $349,260,000 after purchasing an additional 317,864 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Huazhu Group by 4.1% in the fourth quarter. BlackRock Inc. now owns 5,985,269 shares of the company’s stock worth $171,357,000 after purchasing an additional 234,644 shares during the last quarter. 43.67% of the stock is currently owned by hedge funds and other institutional investors.
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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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