Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stake in Huazhu Group Ltd (NASDAQ:HTHT)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Huazhu Group Ltd (NASDAQ:HTHT) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,748 shares of the company’s stock after buying an additional 1,841 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Huazhu Group were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new stake in Huazhu Group in the first quarter worth approximately $210,000. GYL Financial Synergies LLC purchased a new stake in Huazhu Group in the first quarter worth approximately $221,000. FDx Advisors Inc. purchased a new stake in Huazhu Group in the second quarter worth approximately $229,000. AJO LP purchased a new stake in Huazhu Group in the first quarter worth approximately $263,000. Finally, Todd Asset Management LLC purchased a new stake in Huazhu Group in the first quarter worth approximately $266,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:HTHT traded up $0.79 during trading on Wednesday, reaching $32.82. 10,615 shares of the company traded hands, compared to its average volume of 1,228,286. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 91.39, a P/E/G ratio of 3.12 and a beta of 1.79. Huazhu Group Ltd has a 52-week low of $24.90 and a 52-week high of $45.39. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 3.46. The business’s fifty day moving average is $32.44 and its 200-day moving average is $35.75.

Huazhu Group (NASDAQ:HTHT) last announced its earnings results on Wednesday, August 21st. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.86 billion. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 earnings per share. On average, sell-side analysts predict that Huazhu Group Ltd will post 0.86 earnings per share for the current fiscal year.

Several brokerages have issued reports on HTHT. BidaskClub raised Huazhu Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 20th. ValuEngine raised Huazhu Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. HSBC lowered Huazhu Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Bank of America dropped their price objective on Huazhu Group from $42.20 to $38.50 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, TheStreet raised Huazhu Group from a “c” rating to a “b-” rating in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.75.

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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Institutional Ownership by Quarter for Huazhu Group (NASDAQ:HTHT)

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