Diversified Trust Co purchased a new position in shares of China Lodging Group, Limited (NASDAQ:HTHT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,313 shares of the company’s stock, valued at approximately $509,000.
A number of other hedge funds have also bought and sold shares of HTHT. World Asset Management Inc raised its position in shares of China Lodging Group, Limited by 2.4% in the first quarter. World Asset Management Inc now owns 4,299 shares of the company’s stock valued at $267,000 after buying an additional 101 shares during the last quarter. Atria Investments LLC raised its position in shares of China Lodging Group, Limited by 2.8% in the first quarter. Atria Investments LLC now owns 4,168 shares of the company’s stock valued at $259,000 after buying an additional 112 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of China Lodging Group, Limited by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 12,542 shares of the company’s stock valued at $778,000 after buying an additional 117 shares during the last quarter. US Bancorp DE raised its position in shares of China Lodging Group, Limited by 12.5% in the first quarter. US Bancorp DE now owns 2,480 shares of the company’s stock valued at $154,000 after buying an additional 275 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of China Lodging Group, Limited by 3.8% in the first quarter. Lazard Asset Management LLC now owns 59,203 shares of the company’s stock valued at $3,672,000 after buying an additional 2,145 shares during the last quarter. Institutional investors own 44.70% of the company’s stock.
Shares of China Lodging Group, Limited (HTHT) traded up 2.23% on Friday, hitting $95.17. The company had a trading volume of 167,755 shares. China Lodging Group, Limited has a 12 month low of $36.96 and a 12 month high of $97.44. The stock has a market cap of $6.63 billion, a PE ratio of 52.01 and a beta of 1.66. The company has a 50-day moving average of $84.05 and a 200 day moving average of $68.47.
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Several equities analysts have issued reports on the company. Zacks Investment Research raised China Lodging Group, Limited from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective on the stock in a report on Wednesday. BidaskClub raised China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Macquarie lowered China Lodging Group, Limited from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $72.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. J P Morgan Chase & Co restated an “overweight” rating and issued a $90.00 price objective (up previously from $78.00) on shares of China Lodging Group, Limited in a research report on Wednesday, May 10th. Finally, Benchmark Co. started coverage on shares of China Lodging Group, Limited in a research report on Tuesday, April 18th. They issued a “buy” rating and a $68.00 price objective for the company. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $71.00.
China Lodging Group, Limited Company Profile
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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