Ameriprise Financial Inc. decreased its stake in shares of China Lodging Group, Limited (NASDAQ:HTHT) by 9.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,060 shares of the company’s stock after selling 534 shares during the period. Ameriprise Financial Inc.’s holdings in China Lodging Group, Limited were worth $314,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in HTHT. US Bancorp DE raised its stake 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 worth $154,000 after buying an additional 275 shares during the period. Comerica Bank bought a new stake in shares of China Lodging Group, Limited during the fourth quarter worth about $204,000. Atria Investments LLC raised its stake 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 worth $259,000 after buying an additional 112 shares during the period. World Asset Management Inc increased its position in 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 worth $267,000 after buying an additional 101 shares in the last quarter. Finally, Handelsbanken Fonder AB purchased a new position in China Lodging Group, Limited during the first quarter worth approximately $372,000. 45.56% of the stock is owned by hedge funds and other institutional investors.
Shares of China Lodging Group, Limited (NASDAQ:HTHT) traded down 0.55% during midday trading on Friday, reaching $108.79. The company’s stock had a trading volume of 368,973 shares. The stock’s 50-day moving average price is $92.45 and its 200-day moving average price is $73.37. China Lodging Group, Limited has a 12-month low of $41.69 and a 12-month high of $110.76. The company has a market cap of $7.57 billion, a P/E ratio of 59.03 and a beta of 1.71.
China Lodging Group, Limited (NASDAQ:HTHT) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.20. China Lodging Group, Limited had a return on equity of 16.80% and a net margin of 13.29%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $4.67 EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts expect that China Lodging Group, Limited will post $2.50 EPS for the current fiscal year.
A number of research firms have recently commented on HTHT. Zacks Investment Research upgraded China Lodging Group, Limited from a “hold” rating to a “strong-buy” rating and set a $109.00 target price for the company in a research report on Wednesday, July 26th. BidaskClub upgraded China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Macquarie downgraded China Lodging Group, Limited from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $72.00 in a research report on Thursday, May 11th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $90.00 target price (up from $78.00) on shares of China Lodging Group, Limited in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $76.17.
About China Lodging Group, Limited
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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